Economics
Bank of Korea Stands Pat as Doubts Mount Over Economy
- Inflation is forecast to remain below 1% for some time
- Monetary policy in South Korea will remain accommodative
This article is for subscribers only.
South Korea’s central bank left its key interest rate unchanged as the outlook for Asia’s fourth-largest economy weakens amid falling exports, soft jobs growth and waning inflation.
The Bank of Korea kept the seven-day repurchase rate at 1.75 percent on Thursday, as forecast by all 26 analysts surveyed by Bloomberg. Most economists expect the BOK to leave borrowing costs where they are for the rest of year.