Report
Bank of Korea holds benchmark rate at 3% after back-to-back hikes
Reuters reports the October 22 pause followed quarter-point hikes in July and August, as all 34 surveyed analysts expected.
TLDR
Reuters reports the Bank of Korea held its benchmark rate at 3% on October 22, after quarter-point hikes in July and August. All 34 analysts Reuters surveyed expected the decision. CNBC reports September inflation was 2.9%, above the bank’s 2% target, and says President Lee Jae Myung had reportedly called for an “all out effort” to boost housing supply.
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