Economics
South Korea Set to Follow Australia’s Rate Pause as U.S. Revives
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South Korea will probably follow Australia’s lead and refrain from cutting interest rates tomorrow as the global economy shows signs of strength and officials highlight price pressures.
The Bank of Korea will keep the benchmark seven-day repurchase rate unchanged at 3.25 percent according to 18 of 19 economists in a Bloomberg News survey. One analyst sees a cut to 3 percent.