Stock market analytics, financial forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Bank of Korea Keep Rates at Record Low 1.25 pc


July, 13 2017
watermark Economic news

The South Korea’s central bank kept its base rate steady, for the 13th consecutive month on Thursday, with a record low of 1.25 percent. The decision was mainly anticipated since policy committee urge to expand the subdued personal consumption and hold the idea of tightening off the table at this moment.


The policy makers of the central bank of Korea retained its key rate KROCRT=ECI unchanged, stated by a media official without any additional details. Bank Governor, Lee Ju-yeol is scheduled to conduct a press con at 11:20 a.m. (0220 GMT).


Reuters polled 20 economists and all of them predicted that the BOK will stick to its position, underlining the sluggish stance on consumer expenditure coupled with the lackluster growth in employment taking some of the shine off constant profits from exports.

Most of the experts assumed that the bank will keep on hold until the year end and expects for some step to stabilize rates for 2018.


The consumer price inflation of the country had toned down from the 2.2 percent highs in March to 1.9 percent recorded in June, the result is marginally low against the 2 percent target of the bank.

Feedback

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.