South Korea leaves base rate at 3.5% (as expected)

Bank of Korea is South Korea's central bank. May 2024 policy decision is to leave the base rate at 3.5%, as expected Forecast updates issued:Sees 2024 inflation at 2.6% (unchanged from February forecast of 2.6%)Sees 2025 inflation at 2.1% (unchanged from February forecast of 2.1%)Sees 2024 GDP growth at 2.5% (vs, 2.1% previously forecast)Sees 2025 GDP growth at 2.1% This article was written by Eamonn Sheridan at www.forexlive.com.

May 23, 2024 - 07:00
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South Korea leaves base rate at 3.5% (as expected)

Bank of Korea is South Korea's central bank.

  • May 2024 policy decision is to leave the base rate at 3.5%, as expected

Forecast updates issued:

  • Sees 2024 inflation at 2.6% (unchanged from February forecast of 2.6%)
  • Sees 2025 inflation at 2.1% (unchanged from February forecast of 2.1%)
  • Sees 2024 GDP growth at 2.5% (vs, 2.1% previously forecast)
  • Sees 2025 GDP growth at 2.1%
This article was written by Eamonn Sheridan at www.forexlive.com.
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