July 11, 2024 01:08 GMT
MNI BRIEF: Bank of Korea Keeps Policy Rate At 3.50%
(MNI) Tokyo
(MNI) TOKYO
The Bank of Korea has kept its policy interest rate unchanged at 3.50% for the 12th meeting in a row, Wowkorea reported on Thursday.
The decision was inline with market expectations given inflation remained above target, although headline CPI slowed to 2.4% in June, from 2.7% in May.
Looking ahead, market analysts will watch closely for dovish sentiment in the governor’s outlook for monetary policy.
The next meeting is scheduled for August 22.
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