Comments
A senior director at Standard and Poor's ratings services said on Tuesday that low interest rates are not imperative for the long-term, sustainable growth that the agency looks for when assessing sovereign ratings.
“Low interest rates have never been the reason for long-term sustained growth we are interested in,” said S&P's KimEng Tan, senior director in the Asia-Pacific region in a media roundtable in Seoul.
Tan refrained from specifically commenting on South Korea's policy rate, which currently stands at a record-low 1.50 per cent.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.