BoK holds as energy prices drive up inflation
Governor expects ‘considerable’ wait before supply chains return to pre-war levels
The Bank of Korea has left its benchmark interest rate unchanged, citing the effects of conflict in the Middle East and a “high degree of uncertainty” regarding future developments.
The BoK’s monetary policy board decided unanimously today (April 10) to leave its benchmark rate at 2.5%, according to a statement. The move had been anticipated by all 31 economists polled by Reuters earlier this month.
The bank’s governor Rhee Chang-yong said external conditions had changed significantly since the
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