BOK

The Bank of Korea's decision is to change the benchmark seven-day repurchase rate at 2.25 currently. Heightened volatility of economic activity is caused to leave the benchmark at 2.25. There are two main factors that the recovery of US economy is slowing, and China's rapid expansion and growth is cooling. The global economy is uncertain and unstable, but it is not extent to a recession with double dip.The Korean won weakened by 0.8 percent from 1182 to 1192. its decision is to leave the rate on hold. They predict Korean consumer price index will rise at a faster pace and exceed the bank's inflation target of 3 percent. South Korea is under pushing the inflation rate beyond their target.