Bank Of Korea Rate Cut Expected Under Government Pressure - Presented by: The Aol. On Network

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.



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