The BOK is expected to hold rates at 3.5%, but traders will watch the language used in its release to see if any easing of policy are on the cards.
The Bank of Korea has also held its benchmark interest rate at 3.5%, in line with expectations.People watch the first sunrise of the new year from a footbridge overlooking the city skyline in Seoul on January 1, 2024.Asia-Pacific markets opened mostly higher on Thursday, as investors assess flash business activity data from Australia, Japan and India throughout the trading day.
This comes after the Federal Reserve released minutes for its July meeting, where the summary revealed that some participants made the case to ease rates at the July meeting instead of September.
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