April 12, 2024 01:03 GMT
MNI BRIEF: BOK Holds Policy Rate At 3.50% - Press
(MNI) Tokyo
(MNI) TOKYO
Policy NewsAPACEM Policy NewsEM Policy StoryEM BriefEM Central Bank NewsBank of KoreaSouth KoreaBriefStoryRegion
The Bank of Korea on Friday decided to keep its policy interest rate unchanged at 3.50% amid persistent concern over stubborn inflation, for the 10th straight meeting, Wowkorea reported.
The decision was widely expected as the nation’s inflation rate remains high. (See MNI BOK WATCH: Board To Consider Hold At 3.5%, Inflation In Focus)
Focus will now shift to how the governor refers to the outlook for monetary policy, including price stability and concern over the weaker economy.
The next meeting is scheduled for May 23.
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