14 March 2013 06:24 [Source: ICIS news]
SINGAPORE (ICIS)--South Korea’s central bank decided on Thursday to maintain its policy rates at 2.75%, while noting that downside risks to growth remain.
“There is no change to the [monetary policy] committee’s forecast that the domestic economy will show a negative output gap for a considerable time, due mostly to the slow recovery of the global economy in consequence chiefly of the sluggishness of economic activities in the euro area,” the Bank of Korea said in statement.
Low consumer price inflation at 1.4% in February “due to the weakening of demand-side pressures” also allowed the central bank to keep its policy rates unchanged, it said.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections