Bank of Korea to stay pat on Thursday, first rate cut seen in Oct: Reuters poll

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BENGALURU: The Bank of Korea will keep its key interest rate at 3.50 per cent on Thursday (Aug 22) and cut it next quarter after the US Federal Reserve likely begins easing in September, according to a Reuters poll. The benchmark rate has been at 3.50 per cent since January 2023. With inflation rising 2.6 per cent in July from an 11-month low of 2.4 per cent in June, moving further away from the central bank's 2 per cent target, the BOK may need to see prices stabilising before it starts to

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Bank of Korea to stay pat on Thursday, first rate cut seen in Oct: Reuters poll https://www.channelnewsasia.com - 20.08.2024 09:23
Bank of Korea to stay pat on Thursday, first rate cut seen in Oct: Reuters poll https://www.channelnewsasia.com/ - 20.08.2024 01:17

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Bank of Korea to stay pat on Thursday, first rate cut seen in Oct: Reuters poll https://www.channelnewsasia.com - 20.08.2024 09:23
Bank of Korea to stay pat on Thursday, first rate cut seen in Oct: Reuters poll https://www.channelnewsasia.com/ - 20.08.2024 01:17