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Why South Korea’s central bank is warning of the need for structural reform
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Why South Korea’s central bank is warning of the need for structural reform
Bank of Korea (BOK) Governor Rhee Chang-yong warned on Thursday that neither interest rate cuts nor fiscal stimulus can restore South Korea’s slowing growth potential, stating bluntly that policy tools are reaching their limits and structural reform is the only sustainable path forward. His comments came as the Ministry of Economy and Finance (MOEF) reported […] The post Why South Korea’s central bank is warning of the need for structural reform…
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