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Bank of Korea seen on hold for rest of year, to cut rates early in 2024 : Reuters poll

Bank of Korea seen on hold for rest of year, to cut rates early in 2024 : Reuters poll
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Soult ukpyolsiSouth koreaKangwon doSusobhan sarkarJihoon leeAlison williamsRoss finleyKong dong rakAnant chandakPaik yoon min

Bank of Korea seen on hold for rest of year, to cut rates early in 2024

The Bank of Korea will leave its key policy rate unchanged at 3.50% for a fifth consecutive meeting on Thursday and hold it steady for the rest of this year as inflation continues to ease and.

Soult ukpyolsiSouth koreaKangwon doJihoon leeKong dong rakRoss finleyAnant chandakAlison williamsSusobhan sarkarPaik yoon min

BOK heeds possibility of US rate hikes later this year

The Bank of Korea said it would remain vigilant following the US Federal Reserve’s decision to pause its interest rate hike cycle for the first time in 15 months, noting the possibility of a further increase later this year. The Federal Open Market Committee unanimously kept its key borrowing target range at 5 percent to 5.25 percent, after 10 consecutive rate increases since March last year. The rate freeze wa.

Kangwon doSouth koreaKong dong rakJerome powellFederal reserveMarket committeeFederal open market committeeLee seung heonFederal reserve chair jerome powellSecurities economist kongPark han na

Concerns grow over KEPCO s credit rating

International credit rating agency Moody s has recently downgraded the baseline credit assessment (BCA) of Korea Electric Power Corp. (KEPCO). It moved from Baa2 to Baa3, which is the lowest within the agency s investment grading system.

Kangwon doSouth koreaSoult ukpyolsiKong dong rakKorea electric power corpKorea electric powerMic kangVice presidentSenior creditDaishin securitiesMoody sS pSouth koreaHe korea timesOrea timesOrean news in english

Korea trails behind Japan in post-pandemic economic recovery

The Japanese economy, which has long suffered from decades of stagnation, is showing signs of recovery. Its gross domestic product (GDP) growth rate has turned positive for the first time in three quarters, surpassing that of Korea. If this trend continues, Japan will surpass Korea in terms of real economic growth rate this year, for the first time in 25 years since 1998 during the Asian financial crisis.

Kangwon doSouth koreaTogoshi ginzaRyu jin leeKong dong rakKrishna srinivasanJapan cabinet officeInternational monetary fundPacific departmentCabinet officeWhile chinaSouth koreaHe korea timesOrea timesOrean news in english