People walk on a zebra crossing in front of the buliding of Bank of Korea in Seoul, South Korea. REUTERS/Kim Hong-Ji/File photo BENGALURU  – The Bank of Korea (BOK) will keep its key policy rate unchanged at 3.5 percent on Thursday and for the rest of the year as inflation continued to ease, a Reuters poll of economists predicted, but rate cut forecasts were pushed back by a quarter to early 2024. While inflation in major economies remains elevated, prompting the U.S. Federal Reserve and European Central Bank to pursue policy tightening, it fell to a 21-month low in South Korea last month, bringing it closer to the central bank's 2-percent target.

https://business.inquirer.net/409676/bok-seen-to-hold-base-rate-at-3-5-on-thursday-rate-cut-call-pushed-to-2024

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