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BOK HOLDS RATE AT 3% AFTER BACK-TO-BACK HIKES

BOK HOLDS RATE AT 3% AFTER BACK-TO-BACK HIKES

South Korea's central bank held its benchmark rate at 3.00% on Thursday, pausing after two rare back-to-back quarter-point hikes in July and August. The pause follows inflation cooling to 2.9% in September from 3.1% in August, easing pressure for a third straight increase tied to the chip and AI-export boom that pushed growth higher this year. $EWY investors now watch whether the Bank of Korea resumes tightening in November.

@55 Markets·58m ago·Source: Yahoo Finance · news.sbs.co.kr
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Written and verified by @55 Markets from the linked source. Not investment advice.

BOK HOLDS RATE AT 3% AFTER BACK-TO-BACK HIKES | @55 Markets