(Bloomberg) — South Korea’s first-ever drop in consumer prices and a relentless decline in exports are adding to the case for the central bank to cut interest rates on Wednesday.The Bank of Korea, which lowered its key rate in July and left it unchanged in August, will reduce the seven-day repurchase rate by 25 basis points to 1.25%, matching an all-time low, according to 21 of 25 economists surveyed by Bloomberg. The rest expect the BOK to stand pat.Central banks around the world are unleashing stimulus to shore up growth as the U.S.-China trade war takes a toll on global …read more
Source:: Yahoo Finance
