Thursday, 14 August 2014

South Korea cuts lending rate to boost domestic growth



South Korea's central bank has cuts its key lending rate to 2.25% from 2.5%. The move, the first cut in 15 months, is designed to boost growth at home, which has been sluggish since the sinking of a ferry carrying hundreds of passengers - many schoolchildren - depressed consumer sentiment. via Pocket http://ift.tt/1l5hrx9

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