The Bank of Korea is expected to cut its policy rate for the third time in a row next week in response to growing concerns fuelled by political instability over the president's impeachment. Nineteen of the 26 economists surveyed by the Wall Street Journal predicted the Bank of Korea would cut rates by 25 basis points to 2.75 per cent at its January 16 meeting. Suktae Oh and Kiyong Seong, economists at Socie ́ te ́ Ge ́ ne ́ rale, said: "Concerns about a slowdown in domestic demand as a resul...
On September 4th, the Bank of Canada cut interest rates for the third time in a row by 25 basis points, lowering the interest rate to 4.25%, in line with market expectations.