This time it is South Korea’s Bank of Korea who cuts its interest rate.
As mentioned last time, once Japan started QE, it would reverse the effects of US and European QEs.
Since the major economies all using the same dirty tactics, they can no longer "police" the smaller countries for doing that now like the good old days.
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Currency War Continues With South Korea This Round
This time it is South Korea’s Bank of Korea who cuts its interest rate.
As mentioned last time, once Japan started QE, it would reverse the effects of US and European QEs.
Since the major economies all using the same dirty tactics, they can no longer "police" the smaller countries for doing that now like the good old days.
Share