interest rate

interest rate

Korea′s financial regulator guides commercial banks to lower interest rates 신제

21h ago
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The chairman of Korea′s financial regulator announced this Thursday that four domestic banks will reduce interest rates this month. This,... as their mortgage rates rose despite a rate cut by the central bank in August. Chairman Shin Je-yoon of the Financial Services Commission, appeared at the ruling Saenuri Party′s supreme council meeting Thursday, where he reported on the current situation surrounding interest rates. He added... the financial regulator is planning to release a comprehensive package aimed at encouraging more market action. That plan will be unveiled sometime this month,... though he did not provide any details. One of the agency′s goals is said to be lifting all regulations on electronic commerce, but there are still security issues that need to be addressed.