BoK statement: Policy decision is surrounded with uncertainty
|South Korea's central bank kept interest rates unchanged on Thursday, matching market expectations and ending an uninterrupted run of hikes for a year.
The Bank of Korea's monetary policy board held its policy interest rate steady at 3.50%, in line with a unanimous call by the 42 economists in a Reuters poll.
Governor Rhee Chang-Yong is making statements as follows:
Economic growth to improve gradually from H2.
Inflation to gradually decrease.
Housing prices continued to decline across country.
Uncertainties surrounding policy decision are high.
Deems it warranted to keep restrictive policy stance for considerable time.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.