Kai pas mus "vienodina" (kelia) mokesčius, kartu nerišliai pezėdami apie kažkokią mistinę paramą verslui (tiesą sakant, tas patyčas iš verslo aš čia labai korektiškai vadinu), Korėja daro logiškus žingsnius. Kada tie mūsų subingalviai susipras, kad reikia ne suknistais moralės sergėtojais ir tarptautiniais politikieriais būt, o tiesiog kopijuoti sėkmingiausius ekonominius modelius?
Bank of Korea Mulling More Interest Rate Cuts
The Bank of Korea’s Monetary Policy Committee in an extraordinary session on Monday morning will discuss an additional cut to the benchmark interest rate to boost the economy. Rumor is that the central bank will lower the benchmark rate, currently at 5 percent, by a quarter point, the usual adjustment rate, though financial industry insiders even hint at half a point. The cut would be the second in less than 20 days after the committee reduced the rate by 0.25 points at the regular meeting held on Oct. 9 and the first time since Sept. 19, 2001 that an extra session discusses an interest cut. The last time, the bank did decide to cut the rate by 0.5 points amid instability in the wake of the 9-11 attacks.
In time with the lowering of the interest rate, the government will implement greater spending and tax cuts and ease restrictions on the building of new factories and expanding of old ones in the Seoul metropolitan area as a way to galvanize corporate investment and create jobs.
In a meeting on the economic situation chaired by President Lee Myung-bak on Sunday, the government decided to release a comprehensive plan this week.
“We must ensure that additional tax cuts and greater spending go ahead in a well-organized way to prevent the financial crisis from causing the economy to slump,” Lee said.
To turn the current account deficit, the cause of the won’s freefall, into a surplus, the government also decided to expand exports, improve the tourism account, save energy, and induce more foreign investment.
In a speech at the National Assembly on Monday, Lee is expected to ask the house for bipartisan cooperation to overcome the economic and financial crisis and to approve the government’s budget program quickly.