By Gina Lee
Investing.com – South Korea’s central bank kept interest rates unchanged, in line with analyst expectations.
Hong Kong approved a $17.737 million package as part of a HK$8 billion lifeline to business and employees.
As of April 9, the number of confirmed cases globally stood at 1,484,811 with 88,538 deaths, according to data from Johns Hopkins University.
Asia/Pacific:
South Korea’s central bank did not deviate from analyst expectations prepared by as it announced a benchmark interest rate of 0.75%.
Bank of Korea governor Ju-Yeol Lee added that the country was unlikely to grow by more than 1% this year, “considerably below” its earlier forecast of 2.1%.
The country also reported a new low of 39 new cases on Thursday, continuing a week-long streak of around or less than 50 new cases daily.
Hong Kong announced that its Executive Council approved a HK$137.5 million ($17.737 million) stimulus package on Wednesday.
It is part of a six-month, HK$80 billion wage scheme for the special administrative region’s private sector to save business and jobs.
New Zealand imposed 14-day quarantine on everyone entering the country starting at midnight on Thursday. The quarantine also applies to New Zealanders.
