Federal Reserve officials said Wednesday that inflation has fallen further toward their target level in recent months but signaled that they expect to cut their benchmark interest .
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 .
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 .
The government will extend greater tax benefits and tailored support to smaller companies to help them become second-tier midsized firms in an effort to create quality jobs and spur growth momentum, the finance ministry said Monday. A set of such supportive measures were presented during an economic ministers' meeting presided over by Finance Minister Choi Sang-mok, which also called for extending an additional .
Korean Finance Minister Choi Sang-mok has said the country is in discussions over his likely visit to China and a ministerial meeting with Japan, following up on a trilateral summit held in Seoul this week.