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BOK to keep policy rate unchanged until Q3 despite easing inflation

The Bank of Korea will keep its key policy rate on hold for a ninth consecutive meeting on Feb. 22, according to all economists polled by Reuters, who stuck to their long-held view the first rate cut would come in the third quarter. Despite inflation declining to a six-month low in January, most Bank of Korea board members see the need for monetary policy to stay restrictive for some time to bring it down to the bank's 2.0% target. Although BOK Governor Rhee Chang-yong said any premature rate cuts could reignite inflation expectations, a cumulative 300 basis points of hikes between August 2021 and January 2023 could pose a significant threat to highly indebted households. ....

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More young people leave once-sought-after jobs at financial institutions

Young finance sector workers in their 20s and 30s are quitting their traditionally-coveted jobs at the Bank of Korea (BOK), the Korea Development Bank (KDB) and the Financial Supervisory Service (FSS) at an increasing pace, according to industry officials, Friday. ....

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SOWETAN | Give Bafana same hype as Boks

Now that Bafana Bafana have made the Africa Cup of Nations quarterfinal, perhaps this is the right time for those who doubted the team to fully back them. ....

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