Thursday, Aug 09, 2007
Rates on the up everywhere
FT.com: Bank of Korea surprises with rate rise
The Bank of Korea unexpectedly raised its benchmark interest rate by a quarter point to a six-year high of 5 per cent on Thursday to absorb excessive market liquidity and contain growing inflationary pressure.
The rate hike, the first ever to follow just a month after a previous hike, surprised South Korea’s financial markets, driving bond prices down and pushing the won higher.
Posted by dohousescrashinthewoods @ 01:14 PM (147 views) Add Comment
3 Comments
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1. uncle chris said...
Oh what a very beautiful late summer morning
2. uncle chris said...
3. uncle chris said...
Sorry - was just testing :)