, Korea

Foreign investment banks expect BOK to cut interest rates

A number of foreign investment banks forecast that South Korea's central bank will lower its key interest rates to help stimulate growth.

This was revealed by a report of the report by the Korea Center for International Finance.

The said investment banks feel that the will move to lower rates can help offset economic slowdown concerns brought on by persistent eurozone woes and sluggish growth in the United States and China.

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