✉news BusinessBanking first seen 1 d ago, last 5 h ago, peak #1
Bank of Korea to hold rates this month, hike in November
Original: South Korea central bank to hold rates on October 22, hike in November
South Korea's central bank is expected to keep its policy rate unchanged at its October 22 meeting before raising rates in November, according to reports citing the Bank of Korea's plans. Markets are watching for the timing of further tightening as the bank balances inflation pressures against growth concerns.
Why now: Traders and economists are focused on the timing of the Bank of Korea's next rate hike amid global inflation concerns.
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Evidence
- South Korea central bank to hold rates on October 22, hike in November · Reuters
- South Korea central bank to hold rates on October 22, hike in November · marketscreener.com
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