Markets
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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Brief AI Generated summary
The Bank of Korea maintained its benchmark interest rate at 3.00% on Thursday, pausing after consecutive hikes in July and August, a decision widely anticipated by analysts.
Read the full article for:
- The Bank of Korea's decision to hold rates.
- Market expectations for the central bank's move.
- Governor Shin Hyun Song's upcoming press conference.
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.
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Governor Shin Hyun Song will hold a news conference at 0210 GMT.