Economics
Bank of Korea Decision Guide: On Hold as Inflation, Exports Wane
- Economists unanimous in forecasting rates unchanged at 1.75%
- Governor Lee’s policy meeting overshadowed by Kim-Trump summit
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Weakness in inflation, exports and jobs growth means the Bank of Korea is almost certain to keep interest rates at 1.75 percent at a policy meeting in Seoul on Thursday.
With the BOK having increased rates twice already from a record low -- most recently in November last year -- economists surveyed by Bloomberg are unanimous in expecting no change this meeting. Most forecast borrowing costs will remain on hold for the rest of the year.