Tuesday, August 14, 2018
News

S.Korea vice fin min says govt ready for higher interest rates, major capital outflow unlikely

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

SEOUL | Thursday, Jun 14 2018 IST
South Korea's vice finance minister on Thursday said the government is prepared to make policy responses against any adverse impact from the Federal Reserve's interest rate rise.

Speaking to reporters after a policy meeting in Seoul, Ko Hyoung-kwon said the government has been expanding cheap loans through policy financing as corporate fundraising could come under pressure as interest rates rise.

"We have various tools ready to prepare for higher interest rates," Ko said.

"Capital outflows shouldn't be too big a concern just because of changes in interest rates." REUTERS DS 0647

-- (Reuters) -- C-1-1-DL0098-1402036.Xml

Loading...
 
  LATEST COMMENTS (0)
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
TRENDING TOPICS
 
 
 
CITY NEWS
MORE CITIES
INDIA WORLD ASIA
Man detained for trying to hoist tri-col...
Children should be made responsible citi...
Nation geared up to celebrate Independen...
Bengal to observe Kanyashree Dibas today...
Serena dominates in return at Cincinnati...
Australia business conditions ease in Ju...
More...    
 
 Top Stories
Structural dev will pave way for wo... 
Raking up article 35 A will re-open... 
Khattar supports one nation-one ele... 
Haryana govt framing student transp... 
Amarinder, Chugh condole demise of ... 
HP guv mourns death of Chhattisgarh... 
Changes in Davis Cup format on agen... 
'Smart' border' between Nepal and I...