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Bank of Korea Surprises by Holding Rates Steady
South Korea’s central bank freezes rates amid weakened economy and political turmoil
By bno - Taipei Bureau South Korea's central bank has opted to keep its benchmark interest rate unchanged at 3% despite mounting concerns over the country's economic performance. This decision follows two consecutive rate cuts in October and November,
Bank of Korea holds key rate unchanged
Despite mounting woes leading to weak growth momentum, South Korea's central bank kept its benchmark interest rate frozen Thursday in the wake of the weak local currency and uncertainties stemming from the new Donald Trump administration.
Bank of Korea Surprises by Holding Rates Steady As Uncertainty Lingers -- Update
The surprise decision came as South Korea's trade-dependent economy faces challenges from weakening export growth and a sluggish recovery in domestic demand, partly hindered by political turmoil following impeached President Yoon Suk Yeol's short-lived declaration of martial law in December.
1d
on MSN
Korea’s economy looks like it’s shrugging off Yoon’s impeachment crisis. Don’t be fooled
War, weak growth, and policy uncertainty around Trump’s return already threaten the Korean economy. An extended political ...
9d
South Korea acting President Choi says to monitor financial markets around the clock
South Korea's acting President Choi Sang-mok said on Friday the government will make an all-out effort to stabilise the ...
4d
FirstFT: Stock investors flee emerging markets as Trump threatens tariffs
Outlook: Investors are still not pricing in enough risks in emerging markets from the fallout of a new US-China trade war, ...
13d
In South Korea, Blinken Affirms Alliance Amid Challenges Facing Democracies
The U.S. secretary of state aimed to show that his country stood by South Korea as it grapples with a political crisis, and ...
3d
Asia stocks jump on US inflation relief, BoK surprises by keeping rates steady
The BoK's choice to hold rates steady appears to be an effort to stabilize the South Korean won, which has recently plummeted to a 15-year low against the U.S. dollar, exacerbating economic ...
4d
on MSN
Asian stocks gain ahead of US CPI, dollar steadies
Asian stocks climbed following a tepid US session as traders awaited key inflation data that may shed light on the path of ...
3d
USD/KRW drops and pops after BoK surprises with rates on-hold decision
Speaking at the post-policy meeting press conference, Bank of Korea (BoK) Governor Rhee Chang-yong said that “Thursday's rate ...
3d
on MSN
Stock market today: Wall Street rips higher after inflation data and strong bank profits
World stocks are mixed follow Wall Street’s mostly positive performance ahead of key U.S. inflation data that could influence ...
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