Banks' lending rates down in March amid monetary easing cycle

Banks' lending rates down in March amid monetary easing cycle

Banks' loan rates fell in March, data showed Wednesday, as the central bank has been on a monetary easing cycle. The average lending rate of banks applied to new loans came to 4.36 percent last month, down 0.1 percentage point from a month earlier, according to the data from the Bank of Korea (BOK). In detail, banks' average lending rate for corporate loans shed 0.11 percentage point to 4.32 percent in March, while their lending rate on househol…

Shark Tank's Kevin O'Leary sends strong message on economy amid recession fears

The investor and media personality has a surprising take on recession fears amid mounting uncertainty and a close watch on the Fed's monetary strategy.