The Bank of Korea cut the standard interest rate by 0.5 percentage points to respond to the Corona Virus Infection-19 (Corona 19) incident on the 16th.

The Bank of Korea held a temporary financial currency committee at 4:30 pm on the day and cut the base rate from 1.25% per annum to 0.75% per annum.

It is the first time that the domestic standard rate has entered the 0% range.

Initially, there was a lot of expectation that Han Eun would hold interest rates by opening a temporary gold commission on the 17th and 18th to respond to Corona 19.

However, as the Fed cut the base rate to 'zero interest rate' on the 15th (local time), it was reported that the meeting schedule was advanced to this day after discussions between the members of the FTC.

Earlier, the Fed announced that it would cut the interest rate by 1 percentage point from 1.00% to 1.25% to 0.00% to 0.25% on the 15th and start a $ 700 billion asset purchase program.

(Photo = Yonhap News)