By Anant Chandak BENGALURU (Reuters) - The Bank of Korea will leave its key policy rate unchanged at 3.50% for a fifth consecutive meeting on Thursday ...
Jake the Eastern Passage Rock Snake | SaltWireBENGALURU - The Bank of Korea will leave its key policy rate unchanged at 3.50% for a fifth consecutive meeting on Thursday and hold it steady for the rest of this year as inflation continues to ease and household debt remains high, a Reuters poll found.
All 43 economists in the Aug. 14-21 Reuters poll expected no change to the 3.50% base rate at the Aug. 24 meeting. Among economists who had rate forecasts until end-2023, over three-quarters, 31 of 40, expected rates to remain unchanged at 3.50% until then, while the rest predicted the base rate to be 3.25% or lower.
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