Business & Finance
BOK Seen Taking Breather to Assess Impact of Back-to-Back Hikes
Key Points
BOK Seen Taking Breather to Assess Impact of Back-to-Back Hikes The Bank of Korea is expected to leave interest rates unchanged this week as policymakers assess the impact of rare back-to-back hikes, while keeping further increases in play as a semiconductor boom powers growth and keeps inflation elevated. All 24 economists surveyed by Bloomberg expect the central bank to hold its benchmark rate at 3% on Thursday. The BOK raised rates by a quarter percentage point each in July and August,...
BOK Seen Taking Breather to Assess Impact of Back-to-Back Hikes
The Bank of Korea is expected to leave interest rates unchanged this week as policymakers assess the impact of rare back-to-back hikes, while keeping further increases in play as a semiconductor boom powers growth and keeps inflation elevated.
All 24 economists surveyed by Bloomberg expect the central bank to hold its benchmark rate at 3% on Thursday. The BOK raised rates by a quarter percentage point each in July and August, delivering its first consecutive hikes in more than three years.