Bank of Korea Decision Guide: Rates on Hold, Focus on Dissenters
- Slumping economy and financial imbalances both pose risks
- Dissenting votes will bolster expectations for rate cut
A pedestrian stands outside the Bank of Korea (BOK) museum at the central bank's headquarters in Seoul, South Korea.
Photographer: Jean Chung/BloombergThis article is for subscribers only.
With the Bank of Korea expected to leave its key interest rate unchanged Friday, the focus will be on Governor Lee Ju-yeol’s outlook and whether he faces dissenting calls for a rate cut.
All but one of 24 economists surveyed by Bloomberg forecast the BOK will hold the seven-day repurchase rate at 1.75%. One predicted a cut to 1.5%.