Bank of Korea set to hold rates at 2.50 percent amid war
Economists expect the Bank of Korea to hold rates at 2.50 percent this Thursday. Rising oil prices and a weak won create uncertainty amid regional conflict.
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The Bank of Korea is widely expected to maintain its benchmark interest rate at 2.50% during its upcoming meeting on April 10, as policymakers assess the fallout from escalating geopolitical tensions. According to a recent Reuters poll, the central bank is likely to keep rates steady for the remainder of the year to navigate the economic volatility triggered by conflict involving Iran, Israel, and the United States.
