TEXT-Bank of Korea statement on emergency policy decision
South Korea’s central bank on
Monday took the emergency step of cutting the benchmark interest
rate by 50 basis points in a rare inter-meeting rate review,
taking the policy rate below 1% for the first time ever to limit
the fallout from the coronavirus, followed by moves from other
global central banks.
Monday took the emergency step of cutting the benchmark interest
rate by 50 basis points in a rare inter-meeting rate review,
taking the policy rate below 1% for the first time ever to limit
the fallout from the coronavirus, followed by moves from other
global central banks.
Posted by Reuters
