South Korean Central Bank Surprises Markets With Interest Rate Hold

27% profit every 20 days?

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The Bank of Korea, South Korea’s central bank, has decided to keep interest rates on hold at 2.25%.The bank said that rate increases down the line would be modest due to global economic uncertainties, notably in the U.S. economy. In a statement, the bank said that the U.S. economy showed signs of a slowdown.“Looking ahead, there exists the possibility of the heightened volatility of economic activity in major countries acting as a risk factor for the global economy,” said the statement.

27% profit every 20 days?

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