日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

US EUROPE AFRICA ASIA 中文
World / Asia-Pacific

S.Korea keeps record-low rate on hold after MERS outbreak

(Xinhua) Updated: 2015-07-09 10:45

S.Korea keeps record-low rate on hold after MERS outbreak

Tourists, wearing masks to prevent contracting Middle East Respiratory Syndrome (MERS), walk on a street in central Seoul, South Korea, June 24, 2015. [Photo/Xinhua]

SEOUL - South Korea's central bank on Thursday kept its policy rate on hold at an all-time low of 1.5 percent after lowering it by a quarter percentage point the prior month to counter flagging domestic demand caused by the outbreak of Middle East Respiratory Syndrome (MERS).

Bank of Korea (BOK) Governor Lee Ju-yeol and six other policy board members decided to freeze the benchmark seven-day repurchase rate at 1.5 percent to wait and see the effect of fiscal and monetary stimulus packages.

The BOK cut the rate below 2 percent in March for the first time in history after lowering it by 25 basis points in August and October last year respectively. The rate was cut again to 1.5 percent last month.

The 1 percentage-point cut made in the past 12 months led almost all experts to predict the rate on hold in July. According to a Korea Financial Investment Association (KFIA) poll of 114 fixed-income experts, 98.2 percent of the respondents predicted the rate freeze.

The overwhelming rate-freeze prediction came as monetary and fiscal stimulus packages were expected to bolster the MERS-hit South Korean economy.

The deadly viral disease has infected 186 South Koreans, among whom 35 died, since the first case was identified on May 20. Consumers refrained from entertainment and consumption for contagion fears.

In June when such fears reached a peak, sales in department stores and discount chains shrank 10.7 percent and 9.7 percent each compared with the same month of last year. Sales of gasoline and diesel reduced 2.9 percent.

To counter the negative economic effect, the finance ministry announced 11.8 trillion won ($10.4 billion) of supplementary budget plan together with about 10 trillion won of other stimulus measures.

The accommodative monetary policy and the fiscal stimulus package were expected to prop up the Asia's fourth-largest economy, but some of market watchers saw the door open for additional rate cuts if the MERS has worse-than-expected economic ramifications.

"Further cuts are on the table as the economy struggles with the MERS outbreak," Emily Dabbs, an economist at Moody's Analytics in Sydney, said in a report Tuesday, forecasting the rate could be lowered to 1 percent by 2016 if economic conditions worsen.

Trudeau visits Sina Weibo
May gets little gasp as EU extends deadline for sufficient progress in Brexit talks
Ethiopian FM urges strengthened Ethiopia-China ties
Yemen's ex-president Saleh, relatives killed by Houthis
Most Popular
Hot Topics

...
主站蜘蛛池模板: 国产黄色免费网站 | 日本在线一级片 | 国产精品一级二级 | 91香蕉视频网| 18视频在线观看网站 | www久久久 | 中文字幕一区二区三 | 久久青青热| 亚洲视频在线免费 | 亚洲精品永久免费 | 不卡中文字幕 | 中文字幕天堂在线 | 国产精品视频免费观看 | 午夜短视频| 日本高清有码 | 久久超碰97| 国产精品1000 | 在线不卡免费视频 | 天堂av中文在线 | www四虎影院| 欧美视频在线看 | 久久嫩草精品久久久久 | 天堂a在线| 国产激情在线观看 | 在线看日韩| 成人免费网站在线观看 | 久久中文免费视频 | 亚洲女人毛片 | 欧美日韩在线播放 | 夜夜天天操 | 99免费在线观看视频 | 青青草毛片 | 中文字幕网站在线观看 | 国产成人+综合亚洲+天堂 | 亚洲色图网址 | 日韩专区在线播放 | 亚洲影院在线 | 五月婷婷六月丁香综合 | 国产一级片子 | 一二三四中文字幕 | 成人爱爱视频 |