{"id":155767,"date":"2010-01-08T10:30:08","date_gmt":"2010-01-08T15:30:08","guid":{"rendered":"http:\/\/www.businessinsider.com\/bank-of-korea-eggs-on-bernanke-to-raise-rates-2010-1"},"modified":"2010-01-08T10:30:08","modified_gmt":"2010-01-08T15:30:08","slug":"bank-of-korea-dares-bernanke-to-raise-rates","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/155767","title":{"rendered":"Bank Of Korea Dares Bernanke To Raise Rates"},"content":{"rendered":"

\"ben<\/p>\n

Overnight, the Bank of Korea<\/a> held interest rates at 2%.<\/p>\n

BoK Governor Lee Seongtae says that until he sees major economies like the U.S. and UK upping rates, a delay is necessary to preserve Korea’s economic interests.<\/p>\n

RBS: BoK interest rate decision: Rates were held steady at 2% given uncertainty about the growth outlook “due to the risk of delay in a full-fledged recovery of the major advanced economies”. The Governor added, though, that “a rate increase doesn’t necessarily mean a policy tightening” given the “gap between the current rate . and rates after normalisation”. We still expect a 25bp hike in Q2 and 75bp over 2010.<\/p>\n

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