Appropriate level of South Korea's key interest rate
Korean bank
Sejong - Yonhap
The appropriate level of South Korea's key interest rate is in the 1 percent range, a research report showed Sunday, suggesting that the central bank has more leeway to further lower the borrowing cost following a recent rate cut.
According to the report by the Hyundai Research Institute, the country's appropriate benchmark interest rate, based on the Taylor Rule, was 1.76 percent as of the second quarter this year.
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