BOK holds rates at 2.5 percent as hawkish split emerges
The Bank of Korea held its rate at 2.50 percent on Thursday. A hawkish board split and higher inflation forecasts suggest a shift toward tighter policy soon.
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South Korea kept its benchmark interest rate unchanged at 2.50% on Thursday despite a hawkish split within its seven-member board. The decision met expectations for 30 of 32 economists polled by Reuters, though two members voted for an immediate hike. A shift in the Bank of Korea's dot plot suggests a more restrictive policy is coming to curb inflation and support the won.
