Bank of Korea holds rate at 3%, keeps November hike in play
South Korea's central bank held its key rate at 3% after two hikes, with a November increase still on the table.
21 h ago14 min read
South Korea's central bank held its key rate at 3% after two hikes, with a November increase still on the table.
South Korea's central bank held its key rate at 3.00% as expected, but a surge in chip exports keeps a November hike possible.
The Bank of Korea is expected to keep its benchmark rate at 3.00% today, pausing after two hikes, but economists say the tightening cycle remains intact.