Fundamental: Bank of Korea Holds Rate For First Time in a Year Amid Risks

The Bank of Korea paused interest-rate increases for the first time in a year and said inflation is likely to decelerate at a slower pace than other economies, meaning borrowing costs will need to remain elevated for a longer period. The central bank kept its seven-day repurchase rate at 3.5% on Thursday as predicted by all-but one economist surveyed by ...     Alert Feb 23, 2023, 9:50am Fundamental: Bank of Korea Holds Rate For First Time in a Year Amid Risks The Bank of Korea paused interest-rate increases for the first time in a year and said inflation is likely to decelerate at a slower pace than other economies, meaning borrowing costs will need to remain elevated for a longer period. The central bank kept its seven-day repurchase rate at 3.5% on Thursday as predicted by all-but one economist surveyed by ... View Story Edit This Alert     You've opted-in to receive Alerts from Forex Factory. • Unsubscribe from this content • Enable Do-Not-Disturb to pause all Alerts • Contact FF for Alert support