South Korea's central bank surprises economists, keeps interest rate unchanged at 3.00%.

South Korea's central bank, the Bank of Korea, unexpectedly kept its policy interest rate at 3.00%, contrary to most economists' predictions of a rate cut. This decision comes as the South Korean won has weakened to a 15-year low against the US dollar, and the bank assesses the impact of previous rate cuts. Governor Rhee Chang Yong will discuss the decision further at a news conference.

2 months ago
34 Articles

Further Reading