Bank of Korea holds rates as expected after back-to-back hikes
SEOUL: The Bank of Korea left its benchmark interest rate unchanged at 3.00% on Thursday, pausing after back-to-back quarter-point hikes in July and August. The seven-member monetary policy board at the BOK voted to keep the seven-day repurchase rate...
SEOUL: The Bank of Korea left its benchmark interest rate unchanged at 3.00% on Thursday, pausing after back-to-back quarter-point hikes in July and August. The seven-member monetary policy board at the BOK voted to keep the seven-day repurchase rate at 3.00%, a decision that was forecast by all 34 analysts surveyed by Reuters . South Korean shares fall nearly 3% as AI concerns hit chipmakers Governor...