September 9, 2023
Banking International

Bank of Korea Carries Rates After Year Of Continous Elevations

South Korea’s central bank maintained interest rates unaffected on Thursday, matching market anticipations and ceasing an uninterrupted run of elevations for a year.

The Bank of Korea’s economic procedure committee clasped its policy interest rate continuous at 3.50%, in line with a unanimous visitation by the 42 economists in a rueters

Governor Rhee Chang-yong is due to carry a news meeting shortly.

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