April 27, 2024
Economy
BOK freezes key rate in Jan.
[THE INVESTOR] South Korea’s central bank on Jan. 13 held its key rate unchanged for January, taking a wait-and-see mode toward the US rate moves this year.
The Bank of Korea maintained its policy rate at an all-time low of 1.25 percent for the seventh consecutive month after sending the rate to the lowest level to support economic growth.
In December, the US Federal Reserve raised its key rate by a quarter of a percentage point to a target range of 0.5 percent to 0.75 percent. The Fed is widely expected to lower the rate three more times throughout this year.
(theinvestor@heraldcorp.com)
The Bank of Korea maintained its policy rate at an all-time low of 1.25 percent for the seventh consecutive month after sending the rate to the lowest level to support economic growth.
In December, the US Federal Reserve raised its key rate by a quarter of a percentage point to a target range of 0.5 percent to 0.75 percent. The Fed is widely expected to lower the rate three more times throughout this year.
(theinvestor@heraldcorp.com)
