The Bank of Korea (BOK) on Wednesday slashed its policy rate by a quarter percentage point to 1.25 percent, noting the growth of the local economy may further slow without support for sluggish exports and domestic consumption.
Around 3 million tourists visited Iran during first four months of this year (started March 21) which indicates 40 percent rise compared to the corresponding period last year, deputy minister of the Cultural Heritage, Handicrafts and Tourism of Iran Vali Teymouri said on Thursday.
The Mexican central bank’s surprise interest rate cut on Thursday is likely to have a limited impact at best on lifting growth this year after the sluggish economy narrowly avoided recession in the first half of 2019, analysts say.
A global economic growth rut risks deepening, despite expectations that major central banks will cut rates or ease policy further, according to Reuters polls of over 500 economists who remain worried about the US-China trade war.
The global march towards lower interest rates reaches Europe this week with the European Central Bank expected at least to signal easier monetary policy, while Turkey’s new banking chief is seen taking an ax to the country’s rates.
Thailand’s central bank is expected to keep its benchmark policy rate steady on Wednesday for a fourth straight meeting, a Reuters poll showed, despite slowing growth and the way many Asian central banks have shifted toward easing policy.
Indonesia’s central bank will keep interest rates on hold on Thursday, a Reuters poll showed, though some economists say a rate cut to bolster economic growth is coming — and one sees a possible trim next month.
South Korea’s employment indices have continued to struggle so far this year, with the jobless rate hitting a record high since the aftermath of the global financial crisis, and the number of newly employed people extending a five-month low, government data showed on Wednesday.