Economy / South Korea
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Will Korea And Taiwan Rate Cuts Make A Difference?
October 2008 | Market StrategySorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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The decisions by the Bank of Korea (BoK) and Central Bank of the Republic of China (CBRC, Taiwan) to cut interest rates by 25bps to 5.00% and 3.25% respectively should provide some mild respite for equities and currencies, and we may thus see a short-term bounce. However, the medium-term outlook is still cloudy, especially since BMI is forecasting slower global growth in 2009.