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Bank of Korea holds rates, cuts inflation outlook

SEOUL / Reuters South Korea’s central bank held interest rates steady, with Governor Lee Ju-yeol taking a cautious stance in the face of high household debt, weak inflation and tightrope-tense trade relations between the United States and China. The Bank of Korea’s monetary policy committee held its base rate steady at 1.50 percent, in line with forecasts from 18 analysts ...

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Ireland’s central bank raises economic growth forecasts

DUBLIN / Reuters Ireland’s central bank raised its forecast for economic growth as domestic activity strengthened and international demand improved, but it said the economy was vulnerable to post-Brexit trade restrictions and changes in European Union tax rules. Ireland’s economy has been the best performing in Europe since 2014 and the central bank sees that momentum continuing, with gross domestic ...

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Ukraine central bank warns it needs IMF funds

KIEV / Reuters Ukraine’s central bank left its main interest rate at 17 percent, as expected, but warned that an improving outlook for inflation could be undermined if the International Monetary Fund delays in disbursing loans. Over the past six months, the bank has kept monetary policy tight to curb stubbornly high inflation linked to higher food and oil prices ...

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