MNI BRIEF: BOK Keeps Policy Rate Unchanged at 2.50%: PRESS
Jul-10 01:04By: Hiroshi Inoue
Bank of Korea+ 1
The Bank of Korea board on Thursday held its base rate unchanged at 2.50%, taking a wait-and-see attitude amid high uncertainties over the economy and prices, Yonhap News Agency reported.
The move was largely expected. (See MNI BOK WATCH: Board To Hold, Eye Future Cuts) Focus will now shift to how Governor Rhee Chang-yong frames the outlook for further rate cuts at the upcoming news conference, with markets expecting easing in Q3, Q4, or early 2026.
The next meeting is scheduled for Aug 28.
