The U.S. Federal Reserve on Wednesday held its benchmark interest rate steady for the second consecutive time and maintained its forecast of one rate cut this year, as concerns grew over the economic impact of the ongoing Iran war.
Korean bourse Kospi flew past the 5,600 mark on Thursday after a 5-day break over the Lunar New Year holidays, amid a bullish Wall Street market that rode high on AI stocks on Wednesday.
In volatile times, credibility in policymaking should not be compromised.
Fiscal integrity must not be compromised during the budgetary review process.
After the U.S. Fed lifted the benchmark rate by 50 basis points, the Bank of Korea has to determine how much it needs to raise interest rates to control soaring prices.
After the Bank of Korea took a big step by raising the benchmark rate to 3 percent from the current 2.5 percent to fight inflation and narrow the gap with U.S. rates, many people face an uphill battle in paying their debts.
The nightmarish three-year Covid-19 pandemic has been followed by an economic crisis. We are going through an unfortunate era.
The world’s agony deepens as the U.S. Federal Reserve is expected to take yet another giant step.
After the Fed took a “giant step” by lifting benchmark rates by 75 basis points on Thursday, the Bank of Korea faces a dilemma over whether to also raise its rates in the face of mounting household debt.
Korea JoongAng Daily Sitemap
