Bank of Korea holds rate steady while citing big rise in downside risks

BOK holds rates steady as trade turmoil ties South Korea’s monetary policy hands

South Korea’s Monetary Policy Board on Thursday held the benchmark interest rate at 2.75%, citing persistent downside risks to economic growth and external uncertainties, despite stable inflation. The decision marks the sixth consecutive hold since the board began pausing its tightening cycle, and follows signs of unexpectedly weak economic performance in the first quarter of […] The post BOK holds rates steady as trade turmoil ties South Korea’…

Bank of Korea holds rate steady while citing big rise in downside risks

The Bank of Korea (BOK) kept its benchmark interest rate steady while citing a significant increase in downside risks to growth that have emerged since February in a dovish hold decision, pointing to a resumption of policy easing in coming months.