South Korea: BoK paused its tightening cycle in April – UOB – by pabspiovano SouthKorea CentralBanks Banks InterestRate
Economist at UOB Group Ho Woei Chen reviews the latest monetary policy meeting by the Bank of Korea .“In line with consensus expectation, BOK maintained its rate pause in Apr as it kept its benchmark 7-day repo rate unchanged at 3.50% for the second consecutive month. The rate decision was unanimous unlike the previous meeting in Feb when one policy board member voted for a 25bps hike.”
“However, the case for a further rate hike has weakened and we continue to expect the BOK to remain on hold at 3.50% for the rest of 2023.” If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
North Korea fires missile into sea off east coast, South Korea saysNorth Korea has fired a missile into the sea off the east coast of the Korean Peninsula, South Korea's Joint Chiefs of Staff said on Thursday.
Read more »
North Korea launches ballistic missile toward sea, South Korea saysNorth Korea launched a ballistic missile toward the sea, South Korea's military said, days after North Korean leader Kim Jong Un vowed to enhance his nuclear arsenal in more 'practical and offensive' ways.
Read more »
North Korea fires ballistic missile, South Korea says | CNNNorth Korea fired a ballistic missile into waters off its east coast on Thursday, prompting an evacuation order that was later lifted in northern Japan.
Read more »
Seoul: North Korea launches ballistic missile toward seaSouth Korea says North Korea has launched a ballistic missile off the North’s east coast
Read more »
Seoul: North Korea launches ballistic missile toward seaSouth Korea says North Korea has launched a ballistic missile off the North’s east coast. South Korea’s military says the launch was made on Thursday but gave no further details like how far the missile flew. The launch came days after North Korean leader Kim Jong Un vowed to enhance his nuclear arsenal in more “practical and offensive” ways. North Korea has launched a barrage of missiles this year in protest of South Korean-U.S. military drills that it views as an invasion rehearsal.U.S. and South Korean officials have steadfastly said they have no intention of invading the North.
Read more »
South Korea wildfire forces 500 residents to evacuate, rain helps fight flamesMore than 500 people evacuated from their homes in South Korea's eastern coastal city of Gangneung as strong winds fanned a wildfire on Tuesday, officials said, but fears of a further spread eased as rain helped firefighters battle the blaze.
Read more »