The Bank of Korea (BoK) has decided to maintain its benchmark interest rate at 2.5%, aligning with market expectations. This decision comes as the central bank navigates the challenges of a weak won and ongoing inflation risks. The BoK aims to balance the potential for economic easing with the pressures of imported inflation and the effects of housing market cooling measures.
The central bank forecasts a GDP growth of 1.0% and an inflation rate of 2.1% for 2025. Governor Rhee Chang-yong's upcoming press conference is anticipated to impact the USD/KRW exchange rate and overall market sentiment.
Bank of Korea Holds Interest Rate at 2.5% Amid Inflation Concerns
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
