January 16, 2025 01:00 GMT
MNI BRIEF: Bank of Korea Keeps Policy Rate At 3.00%: Press
MNI (TOKYO) - The Bank of Korea on Thursday decided to keep its policy interest rate unchanged at 3.00%, despite many observers expecting the bank to cut the rate to 2.75% amid concerns over slower economy, Yonhap News Agency reported.
The bank maybe worried about the impact of a weaker currency on inflation rate and it will consider cautiously lowering the rate again at the next Feb 25 meeting.
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