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BOK Holds Rate at 3% After Two Hikes
The Bank of Korea kept its benchmark interest rate steady at 3 percent on Thursday, following two consecutive 0.25-percentage-point hikes in July and August. Yonhap reports the freeze decision was unanimous, and Governor Shin said the earlier back-to-back hikes give the BOK time to assess conditions. Korea Times adds the hold was widely expected and described as the "payoff" from preemptive hikes, though further hikes remain on the table.
- BOK Holds Key Rate at 3.00% After Back-to-Back Hikes
- (3rd LD) BOK holds rate at 3 pct after 2 straight hikes, signals continued tightening
- BOK keeps rate steady at 3% after two consecutive hikes
- BOK keeps rate steady at 3%, but further hikes remain on table
- (URGENT) BOK says rate freeze decision was unanimous
- (URGENT) Earlier back-to-back rate hikes give BOK time to assess conditions: Gov. Shin
