Bank of Korea may opt for another rate freeze this week
The Bank of Korea (BOK) is anticipated to freeze its benchmark interest rate this week for the second straight time, as inflation keeps falling while signs of an economic downturn are heightening, according to analysts, Sunday. The BOK is scheduled to hold a rate-setting meeting, Tuesday, after halting a monetary-tightening campaign that lasted for more than a year and kept the base rate unchanged at 3.5 percent in its last meeting in February.
Source: koreatimes.co.kr