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Risk of low interest rate

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Monetary easing should be economic stimulus of last resort

The Bank of Korea kept its policy rate unchanged at 1.25 percent Friday, drawing attention to the direction of its monetary policy. Some analysts predict the central bank will continue to freeze its base rate this year, citing somewhat improved economic indices and the need to keep pace with the government's efforts to stabilize housing prices. Others, however, expect a rate hike as early as next month if the economy remains in the doldrums.

Emerging from the Monetary........

© The Korea Times