steel futures weekly / monthly analysis report
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Bank of Korea Monetary Policy Committee convened a regular meeting that day, despite the constantly increasing calls for stability in South Korea persistently high prices, raised its benchmark interest rate, but by the impact of U.S. sovereign credit rating was lowered, the Korean domestic financial market excesses reaction, in addition to Greece, Italy and other European countries, the financial crisis led to risk factors for the persistence of economic turmoil in the world, considering the above factors, the Bank of Korea decided to continue to observe the market dynamics, the level of interest rates unchanged. But South Korea's central bank will maintain the principle of the gradual recovery of the benchmark interest rate normalization ".
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but analysts are concerned by the unusual weather and other factors, Korea's consumer price index has been seven months remained at more than 4% high, in the case of high prices, the Bank of Korea for a long time the benchmark interest rate maintain South Korea's consumer price index rose at a lower level, will lead to breakthroughs in the 4 percent target ceiling set by the central bank. From the current situation of the Korean financial market is highly volatile, the Bank of Korea will maintain the "Restore the benchmark interest rate normalization," the tone, but the monetary tightening will slow.
Bank of Korea announced on the 11th, keeping its benchmark interest rate unchanged at 3World Steel Pipe .25 percent, which is the Bank of Korea, the second consecutive month to maintain the benchmark interest rate unchanged.
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by the international financial crisis since the second half of 2008, the Bank of Korea will be the benchmark interest rate from 5.25% gradually reduced to a historical low of 2%World Steel Pipe . However, due to the rising inflationary pressures, the Bank of Korea in July 2010, November and January of this year, March and June, the benchmark interest rate of each raised by 0.25 percentage points.