S. Korean banks' lending rate rebounds in November
SEOUL, Dec. 29 (Xinhua) -- South Korean banks' lending rate rebounded in three months due to lower expectations for additional policy rate cuts, central bank data showed Monday.
The weighted average rate for new bank loans gained 0.13 percentage points from a month earlier to an annualized rate of 4.15 percent in November after sliding for the past two months, according to the Bank of Korea (BOK).
The BOK