South Korea aiming for rate hike as growth recovers


bank-of-korea

Bank of Korea building in Seoul

South Korea is seeing a strong recovery as its GDP hit a robust annual growth rate of 5.9% in the second quarter, missing the market projection of 6% by inches, the Bank of Korea announced on July 27.

The recovery could open up the possibility of a rate hike as soon as August, as central bank officials have indicated a preference for tightening.

However, second-quarter GDP was 0.7% when compared with three months earlier, a slowdown from the previous quarterly growth of 1.7%. The quarterly

You are currently unable to copy this content. Please contact [email protected] to find out more.



Source link

Free Course

"Double Your Traffic in 30 days" + Secret Bonus

valued at $299

This amazing course will teach you, step by step, how to double if not triple your traffic over the next 30 days.

100% Privacy. We will never spam you!