SEOUL – South Korea's central bank held interest rates steady for a third meeting on Thursday, as expected, after a 1-1/2-year-long tightening cycle and as both inflation and economic growth eased. The Bank of Korea announced its seven-member monetary policy board voted to keep its policy rate unchanged at 3.5 percent, without elaborating. Governor Rhee Chang-yong is due to hold a news conference soon. The decision matched the prediction from all 40 economists surveyed by Reuters. Most of the respondents forecast the next rate change would be a cut, probably during the final quarter of this year.

https://business.inquirer.net/402580/bank-of-korea-holds-fire-again-on-rates-trims-growth-forecast

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