ThechiefofSouthKorea'scentralbankvowedTuesdaytotake"appropriate"stepsamidsignsthatmajoreconomiescouldchangetheirmonetarypoliciesgoingforward.Lastmonth,theU.S.Fe
South Korea's central bank on Thursday froze interest rates at a record low to see the effect from the U.S. Federal Reserve's first rate hike in a year.
The ongoing restructuring process among shipbuilders and shipping lines in South Korea hit the country's southeastern region, a political home turf for President Park Geun-hye and the ruling Saenuri Party, central bank data showed on Monday.
South Korea's central bank on Thursday revised down its 2016 growth forecast to 2.7 percent, the third downward revision in 2016 alone, as concerns mounted over the ongoing restructuring process in troubled shipbuilders and shipping lines that is expected to hit the economy in the second half.
Confidence among South Korean consumers over economic situations stayed low this month due to the ongoing restructuring in shipping and shipbuilding industries.
South Korea's central bank unexpectedly cut its policy rate by 25 basis points to 1.25 percent on Thursday, a day after the announcement to create 11 trillion-won (9.5 billion U.S. dollars) funds, mainly covered by the bank, to help restructure shipping and shipbuilding industries.
Expectations for additional interest rate cuts in South Korea mounted as one monetary policymaker favored further monetary easing after the rate freeze decision for eight straight months.
The Bank of Korea (BOK), South Korea' s central bank, on Wednesday decided to lower its inflation target by one percentage point to 2 percent for the next three years, raising worry about a sharp decline in inflation target that may lead to troubles in achieving the goal amid volatile oil prices.
Bank of Korea (BOK), South Korea's central bank, froze interest rates at a record low on Thursday, keeping a wait-and-see stance for five months on signs of economic recovery.
South Korea's central bank on Friday froze its policy rate at a record low for the third consecutive month, but expectations emerged for further cuts due to the fastest fall in exports, which account for about half of the export-driven economy.
South Korea's central bank fell into a deeper dilemma after U.S. Federal Reserve Chair Janet Yellen's comments indicated a rate hike within this year.
A senior South Korean central banker signaled an additional interest rate adjustment after the Bank of Korea (BOK)'s growth outlook change next month, indicating a possible rate cut in November.
South Korea's central bank on Friday showed its neutral stance toward further rate cut, citing both positive and negative factors facing the economy.
South Korean President Park Geun-hye nominated next chief of the country's central bank on Monday ahead of the termination of incumbent chief's tenure later this month.
Bank of Korea, South Korea's central bank, expressed concerns about shutdown of the U.S. government, saying that uncertainties over the U.S. fiscal crisis would serve as a downside risk factor to the global economy.
South Korea's economic growth accelerated in the fourth quarter from three months earlier, after rising 0.1 percent in the prior three months, as stronger won helped boost private consumption.
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