interest rates Archives | Page 2 of 2 | Be Korea-savvy
More Transparency for Bank Loan Interest Rates

More Transparency for Bank Loan Interest Rates

SEOUL, Jun. 18 (Korea Bizwire) — Starting as early as the latter half of the year, consumers who have taken out bank loans will be able to request information from banks as to how their interest rates are being calculated. In addition, a detailed breakdown of interest rates for each bank to be publicly announced [...]

Foreign IBs Predict BOK to Conduct One Rate Hike This Year

Foreign IBs Predict BOK to Conduct One Rate Hike This Year

SEOUL, Mar. 23 (Korea Bizwire) — Major foreign investment banks (IBs) have forecast South Korea’s central bank to hike interest rates once this year due to the fallout from growing protectionism and a slowdown in job creation, a report said Friday. The projection runs counter to views by some market watchers that the Bank of [...]

Bank of Korea More Pessimistic Than Before, but Still Cautiously Hopeful

Bank of Korea More Pessimistic Than Before, but Still Cautiously Hopeful

SEOUL, Aug. 28 (Korea Bizwire) — The Bank of Korea submitted a report to the Strategy and Finance Committee of the National Assembly today in which it predicted that this year’s economic growth would fall short of 3 percent despite the improving global economy and supplementary revisions made to the national budget. The central bank [...]