[Editorial] Doing it right
South Korea’s financial authorities are now expected to ponder the timing of a rate cut in a more cautious way as the US Federal Reserve decided Wednesday (US time) to freeze the benchmark interest rates at between 5.25-5.5 percent for a seventh-straight time. The Fed’s decision came after fresh inflation data issued earlier in the day slightly moderated last month but still above its 2 percent inflation target. The US benchmark rates have been kept unchanged since July last year. Th
June 14, 2024