Wednesday, June 6, 2007

South Korea May Leave Key Rate Unchanged at 4.5 Percent as Inflation Slow

(Bloomberg) -- Bank of Korea policy makers will
probably leave the benchmark interest rate unchanged tomorrow
for a 10th month as inflation slows and the housing market cools.

Central bank Governor Lee Seong Tae and his six colleagues
will keep the overnight call rate target at 4.5 percent after
three increases in 2006, according to all 14 economists surveyed
by Bloomberg News. The board meets tomorrow at 9 a.m. in Seoul
and announces a decision before 11 a.m.


Read more at Bloomberg Emerging Markets News

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