GFN Home

GFN NEWS

LOCAL
TEXT US TO #9870
PRINT

BOK cuts policy rate to 1.25%

기준금리 연 1.25% 또 인하… 22년만에 역대 최저

BOK cuts policy rate to 1.25%

 

The Bank of Korea cut the policy interest rate for the second time in three months on Wednesday to support slowing economic growth and address mounting deflationary pressures.

 

It slashed its policy rate by a quarter percentage point to 1.25 percent, marking the lowest level since June 2016.

 

The move came as the country's exports have dipped for 10 consecutive months since December, plunging 11.7 percent on-year last month.

 

In September, South Korea also posted its first-ever negative growth in consumer prices, which dropped by 0.4 percent from the same month last year.

 

The Bank of Korea President Lee Ju Yeol has insisted the low inflation has largely been caused by a base effect created by a surge in prices of agricultural products last year.

gfn news | TOTAL 15,415
RSS
gfn newsLIST
NO NEWS Lists DATE Reads
15245 TEXT 광주∼혁신도시 택시 요금 인상 The City of Gwangju submitted a proposal for the increase of the taxi fare between Gwangju and Naju’s Innovation City to the Council yesterday. According to the bill, the base fair will increase from 2,800 … 11-18 31
15244 TEXT 외벽 드러낸 광주 전일빌딩…5·18상흔 그대로 The hidden scars of the May 18thDemocratization Movement was revealed on the Jeon Il (전일) building yesterday. The building, which is located in Dongu District of Gwangju, started removing t… 11-18 30
15243 TEXT 19일 광주시, '2019경관 아카데미' 3차 강연 개최 The City of Gwangju will hold the ‘2019 Cityscape Academy’ at Mudeung Hall of City Hall on Tuesday. The event is hosted with the Italian Roma Tre University Professor Giuseppe Ca… 11-18 31
15242 TEXT 광주시 이물질 수돗물 북구서도... The City of Gwangju’s Seogu and Namgu Districts previously had mud and foreign substances in their tap water, however Bukgu had a similar experience last Friday. The cause is known to be due to inspection a… 11-18 34
15241 TEXT 한국 야구,오늘 밤 멕시코 잡으면 도쿄올림픽 출전 확정한다 The South Korean National Baseball Team will be playing a game against Mexico today in hopes of securing a ticket to 2020 Tokyo Olympics. They have to win in order to proceed… 11-15 73
15240 TEXT 광주교육청, '전국 최초'로 수능날 고사장에 응급구조사 배치 For the well-being of National College Scholastic Ability Test (CSAT) examinees, the City of Gwangju’s Office of Education dispatched emergency rescue teams to … 11-15 38
15239 TEXT 광주학살 사진1,769매 공개임박 The Daeahnshin Party’s (대안신당) Park Ji Won announced on Thursday that the Defense Security Support Command (DSC) decided to reveal 13 photo books which contain more than 1,700 photos related to the May 18… 11-15 49
15238 TEXT 호남출신 정동채 전 장관KT수장 도전 The next Chairman election of the KT Group drew attention as the former Ministry of Culture, Sports and Tourism (MCST) Jeong Dong Chae (정동채) is a candidate. If he becomes the head of KT, then he will b… 11-15 31
15237 TEXT 개정 선거법 통과시 광주전남4곳 통폐합 4 election districts in Gwangju and Jeonnam are looking forward to undergoing consolidation if the Public Election Act Reformation’s fast-track passes. The expected districts are known as Dongnam-e… 11-15 74
15236 TEXT 무안국제공항 이용객 수, 사상 첫 80만명 돌파 Muan Airport, the only international airport in Jeollado, saw it’shighest number of passengers since it opened, breaking the 800 thousand threshold. Jong Min Kim has more details Muan I… 11-15 41
CONTACT GFN
  • TEL : +82-62-460-0987
  • FAX : +82-62-461-0987
  • EMAIL : gfn@gfn.or.kr
  • ADDRESS : 17 SA-JIK STREET NAMGU,
    GWANGJU METROPOLITAN CITY,
    KOREA REPUBLIC VIEW MAP
    (ZIPCODE 61640)
RELATION NETWORK