Economics
BOK Frets Over Uneven Recovery as South Korea Waits for Vaccine
- Central bank likely to keep rates on hold at January meeting
- Korea looks to tech exports to ride out no-vaccine slowdown
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South Korea’s central bank meets this week with Governor Lee Ju-yeol flagging the fragility of an economic recovery threatened by the resurgence of the virus.
With the country facing a possible slowdown in demand at home and abroad, the Bank of Korea is expected to maintain its support for the economy on Friday by keeping interest rates at a record low and showing a readiness to help stabilize markets if necessary.