BGN Entrepreneur

Prompted by the fears of inflation, South Korea has unexpectedly raised its benchmark interest rate. Seoul joins other Asian countries, which include most recently Malaysia, Taiwan, India and New Zealand, in adjusting to a swift recovery in economic activity.
The Bank of Korea had held interest rates steady at a record low of 2% for 16 months despite the widespread concerns, which include from some South Korean officials, that rates should be raised to avoid overheating.
The IMF joined the chorus earlier this week after an official mission to Seoul, warning of the need to avoid falling behind the curve.

Related posts:

1. Inflation and Debt Fears Point to a Nervous Recovery
   After the terror of the crisis comes a nervous recovery....
2. Only One Tenth Get a Pay Deal Above Inflation Rate
   According to research by Incomes Data Services, it is...
3. Debt Fears Hurt Banks
   After weak performances overnight on Wall Street and in Asia...
4. UK Interest Rate Record low at 0.5%
   The Bank of England has kept UK interest rates on...
5. Interest Rates Relief for Borrowers as Inflation Falls to 4%
   The Office for National Statistics just released figures, indicating that...