The Bank of Korea will keep its key policy rate unchanged at 3.50% for an eighth consecutive meeting on Thursday as inflation eases and until at least Q3 despite some concerns around financial.
Bank of Korea to hold base rate on Jan 11 and not cut until Q3 inquirer.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from inquirer.net Daily Mail and Mail on Sunday newspapers.
Economists see BOK keeping rates malaya.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from malaya.com.ph Daily Mail and Mail on Sunday newspapers.
The Korean economy, which has just emerged from the impact of the COVID-19 pandemic, is facing another rough patch. Faltering key economic indices and lackluster corporate earnings, as well as unfavorable external conditions suggest that the Korean economy could deteriorate further, requiring a considerable amount of time to regain momentum.