US Fed, BOK signal rate cut in September
AsiaToday reporter Lee Choong-jae“The situation is now ripe to change lanes and prepare to shift direction (for monetary policy) at the appropriate time.”Bank of Korea (BOK) Governor Rhee Chang-yong made the remarks following the central bank’s rate freeze at 3.5 percent on Thursday, hinting at the BOK’s future course of action. Rhee’s remarks can be seen as..