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BOK Holds Rate at 3% After Two Hikes
The Bank of Korea kept its benchmark interest rate at 3 percent on Thursday, Oct. 22, after two consecutive 0.25-percentage-point hikes in July and August, Yonhap reports. The freeze was unanimous, and Governor Shin said the earlier back-to-back hikes give the BOK time to assess conditions, while signaling continued tightening. Business Korea and KBS World also confirm the hold, noting the central bank is adopting a wait-and-see approach to evaluate the impact of its prior moves.
- BOK Holds Key Rate at 3.00% After Back-to-Back Hikes
- BOK Holds Key Interest Rate Steady at 3% after 2 Hikes
- (URGENT) BOK holds key rate steady at 3 pct after 2 consecutive rate hikes
- BOK keeps rate steady at 3% after two consecutive hikes
- (2nd LD) BOK holds key rate steady at 3 pct after 2 consecutive rate hikes
- (3rd LD) BOK holds rate at 3 pct after 2 straight hikes, signals continued tightening
- (LEAD) BOK holds key rate steady at 3 pct after 2 consecutive rate hikes
- BOK holds key rate steady at 3 pct after 2 consecutive rate hikes
- (URGENT) BOK says rate freeze decision was unanimous
- (URGENT) Earlier back-to-back rate hikes give BOK time to assess conditions: Gov. Shin
