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Bank of Korea Upgrades GDP Forecasts as Recovery Gathers Pace
Published July 9, 2009, 7:44 pm, Bloomberg
July 10 (Bloomberg) -- The Bank of Korea raised forecasts for gross domestic product this year and next because of the boost from interest-rate cuts and government stimulus, along with improved demand for exports.
Headline: Policy rates cut to record low
Published July 9, 2009, 8:11 am, BusinessWorld Online
MONETARY AUTHORITIES cut policy rates to a record low yesterday, citing a benign inflation outlook providing room for further easing, but added that current policy could change if the economy showed signs of recovering.
(AFX UK Focus) 2009-07-09 11:44 UPDATE 1-Manila c.bank cuts rates to record low; room for more
Published July 9, 2009, 4:08 am, Interactive Investor
By Karen Lema and Manolo Serapio Jr.
The decision to hold rates steady was the fifth such move in as many months. The move was largely expected, with all ...
Published July 8, 2009, 11:36 pm, India Infoline
The green shoots of economic recovery prompted the Bank of Korea to keep its benchmark interest rate steady at a record low on Thursday. The South Korean central bank said that it will keep an accommodative policy as the economic recovers is still tentative.
Bank of Korea Keeps Rate at 2% Amid Signs of Recovery (Update4)
Published July 8, 2009, 10:30 pm, Bloomberg
July 9 (Bloomberg) -- The Bank of Korea left its interest rate unchanged at a record low for a fifth month today, saying it will keep an accommodative policy as the economy recovers from the global recession.
Bank Of Korea Holds Rates At 2% For Fifth Month
Published July 8, 2009, 9:43 pm, INO News
(RTTNews) - Thursday, the Bank of Korea held its interest rates steady at a record low of 2% for a fifth consecutive month amid signs of an economic recovery and stable inflation. The central bank's decision came in line with analysts' expectations.
(AFX UK Focus) 2009-07-09 04:53 FACTBOX-Philippine policymaker comments on economy, rates
Published July 8, 2009, 9:23 pm, Interactive Investor
MANILA, July 9 (Reuters) - Following are comments by senior Philippine policymakers since the central bank's last rates meeting on May 28:
Bank of Korea Keeps Rate at 2% Amid Signs of Recovery (Update2)
Published July 8, 2009, 9:22 pm, Bloomberg
July 9 (Bloomberg) -- The Bank of Korea left the benchmark interest rate unchanged at a record low for a fifth month today, saying it will keep an accommodative policy as the economy recovers from the global recession.
SKorea freezes key interest rate for fifth month
Published July 8, 2009, 9:04 pm, Indiana's NewsCenter
South Korea's central bank has frozen its key interest rate for the fifth straight month at a record low 2 percent, saying Asia's fourth largest economy is emerging from the global slowdown.
China think-tank sees 2009 growth near 8pc
Published July 8, 2009, 8:29 pm, The Malaysian Insider
SHANGHAI, July 9 — China will expand about 8 per cent this year, a leading think-tank said today, the latest in a series of broadly bullish reports reflecting the growing momentum of the world's third-largest economy. The State Information Centre, which reports to the National Development and Reform Commission, China's top economic planning agency, said it was premature to declare victory after ...
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