Share on StockTwits

The Bank of Korea is forecast to cut interest rates this week, a sharp turnaround in market expectations over the past month that raises questions about the central bank’s independence. The shift in sentiment from a rate rise came after new Finance Minister Choi Kyung-hwan last month launched an aggressive set of stimulus policies and put overt pressure for rate cuts to prop up faltering growth.

“Bank Of Korea Rate Cut Expected Under Government Pressure” is categorized as “business”. This video was licensed from Grab Networks. For additional video content, click the “video” tab at the top of this page.