BoK pauses again as inflation slows
Governor Rhee Chang-yong warns against expectations of a rate cut this year
The Bank of Korea kept its policy rate unchanged for the second straight meeting today (April 11), as inflation eased.
The central bank’s monetary policy board unanimously decided to leave the base rate unchanged at 3.5%. The BoK has raised interest by 300bp in total since it started tightening in August 2021. It held its policy rate steady in its February meeting.
“It is forecast that inflation will remain above the target level for a considerable time although it is projected to continue to
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