South Korea keeps rates on hold as hot housing market limits scope for easing | Metals Mine

  • South Korea keeps rates on hold as hot housing market limits scope for easing

    From channelnewsasia.com

    South Korea's central bank kept policy interest rates unchanged on Thursday as a resurgence in home prices and a declining currency reduced the scope for further easing, but left the door open for another cut amid softening growth. The Bank of Korea's seven-member monetary policy board voted to keep its benchmark interest rate unchanged at 2.50 per cent, an outcome expected by 33 of 35 economists polled by Reuters. The median expectation is now for one more cut in November and then a prolonged pause, as analysts expect policymakers to put more emphasis on managing risks related to financial stability amid an ... (full story)

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