neutral
6 days agoSouth Korea holds rates steady as won weakness pressures inflation outlook
The Bank of Korea kept its benchmark rate unchanged at 2.50% for the fourth straight meeting, citing mounting currency pressure from a weak won. The central bank dropped its prior easing bias, signaling potential end to its rate cut cycle. It raised the nation’s growth and inflation forecasts for 2025 to 1.0% and 2.1% respectively, adding that further rate cuts will depend on currency and price pressure developments.
Reuters• By Pooja Kumari
Explore:Mutual Fund Themes
neutral
6 days agoSouth Korea holds rates steady as won weakness pressures inflation outlook
The Bank of Korea kept its benchmark rate unchanged at 2.50% for the fourth straight meeting, citing mounting currency pressure from a weak won. The central bank dropped its prior easing bias, signaling potential end to its rate cut cycle. It raised the nation’s growth and inflation forecasts for 2025 to 1.0% and 2.1% respectively, adding that further rate cuts will depend on currency and price pressure developments.
Reuters• By Pooja Kumari
Explore:Mutual Fund Themes
1 min read
68 words
South Korea’s central bank holds rates at 2.50%, flags waning scope for future cuts as currency weakness raises inflation risks.
The Bank of Korea kept its benchmark rate unchanged at 2.50% for the fourth straight meeting, citing mounting currency pressure from a weak won. The central bank dropped its prior easing bias, signaling potential end to its rate cut cycle. It raised the nation’s growth and inflation forecasts for 2025 to 1.0% and 2.1% respectively, adding that further rate cuts will depend on currency and price pressure developments.
The Bank of Korea kept its benchmark rate unchanged at 2.50% for the fourth straight meeting, citing mounting currency pressure from a weak won. The central bank dropped its prior easing bias, signaling potential end to its rate cut cycle. It raised the nation’s growth and inflation forecasts for 2025 to 1.0% and 2.1% respectively, adding that further rate cuts will depend on currency and price pressure developments.
Nov 27, 2025 • 06:40