Price-Books.co.uk                                             

 Main Menu

The Bank of Korea today raised interest rates by 0.25% to 3.5% in a pre-emptive measure to reduce inflationary pressure. It was the first time rates have been raised in over three years and underscored the central bank's confidence in the economic recovery as domestic spending picked up and exports remained strong.

The Bank expects the Korean economy, the third-largest in Asia, to grow by 4.6% in the second half of 2005 and by 5% next year.

Economic Research Unit
Franklin + Andrews

eru@franklinandrews.com