Bank of Korea Set to Hold for Fourth Straight Meeting as Risks Linger
- Economists see BOK holding rates at 3.5% for fourth meeting
- Rhee press briefing at center of attention amid uncertainties
The Bank of Korea (BOK) complex in Seoul.
Photographer: Woohae Cho/BloombergThis article is for subscribers only.
The Bank of Korea is widely expected to keep interest rates unchanged on Thursday, standing pat for the fourth straight meeting as economic risks linger.
All 14 economists surveyed by Bloomberg expect the central bank to keep its seven-day repurchase rate at 3.5%, where it’s been since January. With a decision to hold seen largely baked in, analysts will focus on whether policymakers continue to flag the possibility of a future hike as an option or signal they are nearing a policy pivot.