The Bank of Korea decided to leave its benchmark interest rate unchanged for the eighth straight session on Thursday, but rate-setters kept the door open for policy easing amid an intensification of the real estate project financing risks.
South Korea's central bank retained its key interest rate for the seventh straight meeting and raised its inflation projections citing higher cost pressures. The Monetary Policy Board of the Bank of Korea, governed by Rhee Chang-yong, decided to retain the key base rate at 3.
South Korea's central bank left its key interest rate unchanged for the third straight meeting on Thursday but the bank chief signaled that more rate hikes cannot be ruled out due to the persistent inflation.
South Korea's central bank left its policy rate unchanged for the second straight meeting and pledged to maintain a restrictive stance for a considerable time. The Monetary Policy Board of the Bank of Korea unanimously decided to keep the Base Rate unchanged at 3.