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South Korea's central bank holds rates steady at 2.5% for sixth straight meeting, citing strong exports and stable inflation, with no change expected through August.
South Korea’s central bank held its benchmark interest rate at 2.50% for the sixth straight meeting, citing strong export growth from semiconductor giants Samsung and SK Hynix, stable inflation, and improved economic outlook.
The Bank of Korea raised its 2026 growth forecast to 2.0% from 1.8%, while introducing a dot-plot showing most policymakers expect no rate change through August.
Officials remain cautious due to rising household debt, currency volatility, and global trade risks, with a potential hike only considered if inflation exceeds 2.5% or the won weakens past 1,550 per dollar.
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El banco central de Corea del Sur mantiene las tasas estables en 2.5% por sexta reunión consecutiva, citando fuertes exportaciones y una inflación estable, sin cambios esperados hasta agosto.