South Korea unexpectedly lowers key policy rate

July 13, 2012 • Business

Kim Choong-soo, governor of the Bank of Korea, announces the benchmark call rate during a press conference at the bank’s headquarters in Seoul, South Korea, Thursday, July 12, 2012. South Korea’s central bank unexpectedly lowered its key interest rate on Thursday, urgently attempting to guard Asia’s fourth-largest economy against Europe’s persistent debt woes and slowing Login to read more

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