Free Trial

MNI BRIEF: BOK Holds Rate, Downgrades GDP, CPI View

MNI (MELBOURNE) - The Bank of Korea board on Thursday decided to keep its policy interest rate unchanged at 3.50%, lowering its 2024 GDP growth outlook 10 basis points to 2.4%, according to press reports. 

The Bank also adjusted its 2024 CPI forecast to 2.5% against the 2.6% expected in May, while its 2025 CPI outlook remained flat at 2.1%. 

Keep reading...Show less
87 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

MNI (MELBOURNE) - The Bank of Korea board on Thursday decided to keep its policy interest rate unchanged at 3.50%, lowering its 2024 GDP growth outlook 10 basis points to 2.4%, according to press reports. 

The Bank also adjusted its 2024 CPI forecast to 2.5% against the 2.6% expected in May, while its 2025 CPI outlook remained flat at 2.1%. 

Keep reading...Show less