South Korea keeps rates on hold as hot housing market limits scope for easing

Bogdan Hofbauer

SEOUL :South Korea's central bank kept policy interest rates unchanged on Thursday as a resurgence in home prices and a declining currency reduced the scope for further easing, but left the door open for another cut amid softening growth. The Bank of Korea's seven-member monetary policy board voted to keep its benchmark interest rate unchanged at 2.50 per cent, an outcome expected by 33 of 35 economists polled by Reuters. The median expectation is now for one more cut in November and then a

South Korea keeps rates on hold as hot housing market limits scope for easing https://www.channelnewsasia.com/ - 23.10.2025 06:32

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South Korea keeps rates on hold as hot housing market limits scope for easing https://www.channelnewsasia.com/ - 23.10.2025 06:32