Jan
23
Bank of Korea Stands Pat on Interest Rates
By-
Economic growth likely to be slightly below October projection
- Korea will maintain its accommodative monetary policy stance
South Korea’s central bank kept its key interest rate unchanged as it assesses the impact of an increase in borrowing costs in November and mounting economic risks at home and abroad.
All but one of 25 analysts surveyed by Bloomberg had forecast the Bank of Korea would keep the seven-day repurchase rate at 1.75 percent on Thursday, while one projected a 25-basis-point cut…
Bank of Korea Stands Pat on Interest Rates
