Reuters was ahead with Bank of Korea slashing interest rates by 50 basis point on March 16 in its first emergency inter-meeting rate cut since 2008, joining central banks from the U.S. to Japan in trying to soften the economic blow dealt by the coronavirus pandemic. Reuters also exclusively reported South Korea’s plans to address dollar shortages in local markets – news that immediately pushed up the won-dollar swap rate. nL4N2B41NW, nL4N2BA1OO
Reuters ahead with South Korea slashing rates, planning stabilizing measures
16 March 2020, 12:00 am. 1 minute
Article Tags
Type: Reuters Best
Sectors: FX & Fixed Income
Regions: Asia
Win Types: Exclusivity
Story Types: Exclusive / Scoop
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