Economics

Bank of Korea Decision Guide: Rates on Hold, Focus on Forecasts

Benchmark borrowing costs are likely to stay at 1.75%
Weak exports, inflation and growth pose risks for Korea

Pedestrians cross a road outside the entrance to the Bank of Korea (BOK) museum at the central bank's headquarters in Seoul, South Korea.Photographer: Jean Chung/Bloomberg

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By Jungah Lee

April 17, 2019 at 8:00 PM UTC

This article is for subscribers only.

South Korea’s central bank is expected to leave its key interest rate unchanged on Thursday, with investor focus turning to its outlook for economic growth and inflation.

All but one of 22 economists surveyed by Bloomberg forecast that Governor Lee Ju-yeol and his policy board will hold the seven-day repurchase rate at 1.75 percent. One economist expects the rate to be cut to 1.5 percent as weak exports depress growth and price gains.