South Korea holds policy and ups growth forecast
Bank debuts six-month forward guidance framework following expected rate stay
South Korea’s central bank held its benchmark policy rate at 2.5% today (February 26), as expected, and revised its growth and inflation forecasts.
In a statement, the Bank of Korea (BoK) said it was continuing to assess domestic and external policy developments. “With inflation expected to remain stable near the target level, economic growth is projected to continue improving at a stronger than expected pace, and risks to financial stability also remain,” it said.
The seven members of the BoK’s
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