S. Korean banks' lending rate falls for 2nd month in July

SEOUL, Aug. 30 (Xinhua) -- South Korean banks' lending rate fell for the second straight month in July on expectations for a policy rate cut later this year, central bank data showed Friday.

The weighted average rate for new bank loans shrank 0.16 percentage points over the month to an annualized 4.55 percent in July, after slipping 0.07 percentage points in the previous month, according to the Bank of Korea (BO