South Korea central bank keeps rates unchanged, as expected
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[SEOUL] South Korea's central bank kept interest rates steady on Thursday, in line with market expectations, as it monitors the effects of its two rate cuts this year as well as policy decisions in the United States and Japan.
The Bank of Korea's monetary policy committee kept its base rate unchanged at 2.0 per cent, that matches a record low, a media official said without elaborating. Governor Lee Ju-yeol is due to hold a news conference from 11:50 a.m. (0250 GMT) All 33 analysts polled by Reuters had forecast the central bank would keep the 7-day repurchase rate on hold after cutting it in October. For the central bank's next move, 14 analysts predicted a rate cut, while 10 expected a hike.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
