South Korea ETF: Opportunity Knocking?
Thursday, March 11th, 2010
Tom Lydon (ETF Trends) submits:
South Korea seems to be taking an approach to its economic growth and interest rates that mirrors the United States. The country is keeping interest rates at record lows because the recovery is still viewed as “fragile.” Sound familiar?
The South Korean economy is playing it safe in terms of boosting any interest rates, lest rate hikes interrupt any growth progress. Kelly Olson for Associated Press reports that the South Korean government has repeatedly expressed concerns about the risks of a too-early exit by the Bank of Korea from a series of rate cuts in late 2008 that have lowered borrowing costs to a record low 2%.
