Bank of Korea seen holding rates this week and for the rest of 2020

By Joori Roh and Jihoon Lee SEOUL (Reuters) – South Korea’s central bank is expected to keep its interest rates on hold on Wednesday as its concerns over rising household debt and property prices would most likely put a bar on any policy changes. The Bank of Korea (BOK) was seen keeping its base rate unchanged […]

Bank of England asks banks about readiness for negative rates

LONDON (Reuters) – The Bank of England asked banks on Monday for information about their readiness for zero or negative interest rates, following up on its announcement last month that it was considering how to take rates below zero if needed. “As part of this work, we are requesting specific information about your firm’s current […]