Asia Flash | 09 May 2013: BoK surprises with rate cut; China inflation remains subdued; Fitch flags risks for Indian banks
Published on Thursday, May 9, 2013
Asia Flash | 09 May 2013: BoK surprises with rate cut; China inflation remains subdued; Fitch flags risks for Indian banks
Against market expectations, the Bank of Korea cut interest rates today, becoming the latest central bank in the region to ease policy amidst lagging growth and weak external demand.
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