BOK to Stand Pat This Quarter, Cut 50 Bps in the Second Half usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
The Bank of Korea will keep its key policy rate unchanged for a 10th straight meeting on Friday but was expected to embark on a shallow cutting cycle next quarter as inflation remains elevated, a. -April 08, 2024 at 08:41 pm EDT
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Samsung Electronics will conduct joint research with the Bank of Korea (BOK) to develop an ecosystem for a central bank digital currency (CBDC), according to the company, Monday. The two sides signed a memorandum of understanding that day at Samsung s headquarters in Suwon, Gyeonggi Province. CBDC is a central bank-issued digital currency and many countries are preparing to launch their own digital currencies for more transparent and secure transactions.
Korea s current account balance is likely to shift to a deficit in August amid falling exports to China and soaring import costs for raw materials, the Bank of Korea said Wednesday. According to data from the central bank, Korea s current account posted a surplus of $1.09 billion (1.5 trillion won) in July, down $6.62 billion from the year before. This is the largest decline in more than a decade since May 2011.