South Korea To Unveil Steps Soon To Support Growth: Presidential Aide

www.oann.com | 8/30/2018 | Staff
SEOUL (Reuters) – Risks to South Korea’s economic growth have risen mostly from outside the country, warranting stronger policy measures to support growth, the country’s top presidential economic policy aide said.

The remarks came as investors have been increasing bets that the central bank would cut its policy interest rate in the next few months for the first time since mid-2016 to keep Asia’s fourth-largest economy from weakening further.

Economy - Risks - Economy - Jong-won - Reporters

“Along with the slowing global economy, downside risks to the South Korean economy have also risen,” Yoon Jong-won told reporters, although he did not comment on interest rate policy. Yoon made the remarks on Friday, on condition of publication on Sunday.

The trade conflict between the United States and China has lasted longer than expected, making it difficult to predict when South Korea’s economy would turn around, he said.

Bank - Korea

The Bank of Korea’s...
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