Bank of Korea leaves its base rate unchanged at 3.5%, as expected


Bank of Korea leaves its base rate unchanged for a 13th straight meeting

  • at 3.5%
  • 38 of 40 analysts surveyed tipped unchanged

Forecasts:

  • 2024 growth at 2.4% (vs 2.5% seen in May)
  • 2024 inflation at
    2.5%
  • 2025 growth at 2.1%
    (vs 2.1% seen in May)
  • Sees 2025 inflation
    at 2.1%

This article was written by Eamonn Sheridan at www.forexlive.com.