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Bank of Korea holds rates as expected after back-to-back hikes

  • The ​seven-member monetary policy board at the BOK ​voted to ​keep the seven-day repurchase rate ‌at ⁠3.00%
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Photo: Reuters
Photo: Reuters
By Reuters

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.

Bank of ​Korea Governor Shin Hyun ​Song

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