The Bank of Korea kept its policy rate unchanged at 3% on Oct. 22, in line with market expectations, according to a newsflash published by Odaily and attributed to Jin10. The decision follows two consecutive rate hikes at the central bank’s meetings in July and August. No additional policy guidance or comments were included in the brief update. The item was categorized under policy and regulation.
The Bank of Korea kept its policy rate unchanged at 3% on Oct. 22, matching market expectations, according to a brief update published by Odaily and attributed to Jin10.
Before this decision, South Korea had raised rates at two straight meetings in July and August.
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