South Korea central bank holds rates steady 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 held interest rates steady for a second consecutive month on Friday, as expected, taking time out to asses the effect of past easings on the local economy and global growth trends.
The Bank of Korea's monetary policy committee held its base rate steady at 1.75 per cent, a media official said without elaborating. Governor Lee Ju-yeol is due to hold a news conference from 0220 GMT.
Thirty out of 34 analysts polled by Reuters ahead of the decision forecast the Bank of Korea would hold interest rates on Friday amid recent comments from policymakers regarding positive improvements in the economy.
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
