Bank of Korea holds rate at 3.00%, weighs timing and pace of further increases

The Bank of Korea’s Monetary Policy Board kept its benchmark interest rate at 3.00% until its next policy decision. Growth remained strong, led by exports and investment, while inflation continued at around 3% and financial stability risks persisted. The board judged that heightened uncertainty surrounding the Middle East and major economies’ monetary and fiscal policies warranted a pause to assess domestic and external risks and the effects of two previous rate increases. The bank said the global economy continued to expand at a solid pace, supported by resilient AI investment despite escalating Middle East tensions.

Source: TokenPost