Home » Finance » Head Bank of South Korea remains the interest rate

Last week Head Bank in South Korea published the interest rate remained stable for two month while the world economics still in bad conditions.

Far from the estimated, Kim Choong-Soo, secretary of treasury and law makers determined the interest rate remained the same for September of 2, 25 percent.

In July, the Head Bank increased the interest rate of 2 percent for the first time when the world economics started to drop down. However, ministry of finance stated that the world is having trouble with economics crisis.

Lee Sung-Kwon, an economist from Shinhan Investment Corp told reporter that “the concern of the world economics made a large number of countries failed in earning from business- import and export. This is the reason why Head Bank of South Korea can not increase the interest rate.

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