Bank of Korea holds rates as expected after back-to-back hikes
Category: Financial
Share
Archive
Like
By
SEOUL: The Bank of Korea left its benchmark interest rate unchanged at 3.00% on Thursday, pausing after back-to-back quarter-point hikes in July and August.
The seven-member monetary policy board at the BOK voted to keep the seven-day repurchase rate at 3.00%, a decision that was forecast by all 34 analysts surveyed by Reuters.
South Korean shares fall nearly 3% as AI concerns hit chipmakers
Governor Shin Hyun Song will hold a news conference at 0210 GMT.
A note on cookies
Newshunt uses essential cookies to keep you signed in and to remember your language and country, so the site works the way you expect. With your permission, we'd also like to use analytics cookies to understand how people use Newshunt and improve it over time.
Accepting only affects analytics. To learn more, view our Privacy Policy or Terms & Conditions.
(0)Comments