10-03-2016 08:42 via news.yahoo.com

South Korea keeps interest rate at record low 1.5%

South Korea's central bank on Thursday kept its key interest rate unchanged at record lows, refusing to cut further as it looks to nurture growth in the anaemic economy while also preventing a flight of capital from the country. South Korea's exports have fallen for 14 consecutive months since the start of last year, plunging 12.2 percent on-year in February alone. "The trend of improvement in the Korean economy is weakening, due mainly to continuing sluggishness of exports," the central bank sa
Read more »