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says that if an inflation targeting bank, and inflation is more than double the target, you raise interest rates. but they have come to the conclusion that the balance of risks has shifted. while they did want to curtail inflation, and inflationary expectations had to be kept in check, which i think they have succeeded in doing, the balance of risk now shifts to worries about growth and what that means for the banking sector etc. so i think they are going to cut rates, it s just a question of when. the next meeting, a month away, a lot can happen in a month, but as matters stand today, we think that might be a bit too early, but probably by the next meeting, bank of korea cuts are very much in play. apple has found itself the target of a $1 billion lawsuit brought by more than 1,000 app developers in the uk, over its app store fees. the company charges commission of 15 30% for use of an in app

Inflation targeting bankInterest ratesBanking sector etcBank of koreaApp developersApp store fees1 billion