South Korea's Bank of Korea (BOK) cut its benchmark interest rate by 25 basis points from 3.25% to 3% on Thursday, seeking to revive economic growth amid slowing momentum.
The unexpected move came after the central bank ended its longest-ever run of keeping rates on hold back in...
The Bank of Japan (BoJ) issued a statement on Wednesday announcing that its Governor Kazuo Ueda will meet with his counterparts from the People's Bank of China (PBoC) and Bank of Korea (BoK), Pan Gongsheng and Rhee Chang-yong, respectively.Their encounter will be held in China on October...
South Korea's Bank of Korea (BOK) cut its benchmark interest rate by 25 basis points from 3.5% to 3.25% on Friday, joining global peers in easing monetary policy, as it seeks to revive growth.
The widely expected move marks the central bank's first cut in more than four years, ending its...
South Korea's Bank of Korea (BOK) emphasized its commitment to maintaining its cautious monetary policy stance, warning against any abrupt policy shifts, that could potentially boost household debt.
"It is still early to say that consumer price growth is converging into core inflation given volatile...
The South Korean economy decelerated expansion in 2022 as export volumes tumbled over global recession fears, according to the data published by the Bank of Korea on Thursday. The data brought the weakest results since the 2020 contraction prompted by the coronavirus pandemic.
The Korean...
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