Economic news
Bank of Korea holds rates, seen weighing when to cut rates
2024.07.10 21:11
SEOUL (Reuters) – South Korea’s central bank extended a pause on interest rates for a 12th straight meeting on Thursday, as it continues to keep policy restrictive to tame inflation.
The Bank of Korea held its benchmark interest rate at 3.50% at its monetary policy review, as expected by all 40 economists surveyed by Reuters.
Governor Rhee Chang-yong holds a news conference at around 0210 GMT, which will be livestreamed via YouTube.
