Macroeconomics

Bank of Korea Holds Rates, Seen Weighing When to Cut Rates

July 11, 2024, 09.03 AM | Source: Reuters
Bank of Korea Holds Rates, Seen Weighing When to Cut Rates

ILUSTRASI. FILE PHOTO: The logo of the Bank of Korea is seen in Seoul, South Korea, November 30, 2017. REUTERS/Kim Hong-Ji/File Photo GLOBAL BUSINESS WEEK AHEAD

KOREA SELATAN - SEOUL. The Bank of Korea extended a pause on interest rate for the 12th straight meeting on Thursday, as it continues efforts to tame inflation amid expectations policymakers will soon agree to lower the highest borrowing costs in 15 years.

The benchmark interest rate was held at 3.50% at its policy review, as widely expected by all 40 economists surveyed by Reuters.

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