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Bank of Korea holds rates, seen weighing when to cut rates

07/10/2024

Less than a minute

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.

© Reuters. FILE PHOTO: People walk on a zebra crossing in front of the buliding of Bank of Korea in Seoul, South Korea, July 14, 2016. REUTERS/Kim Hong-Ji/File Photo

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.

07/10/2024

Less than a minute

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