Bank of Korea Maintains Key Rate, Hints at Possible Reduction
Thursday, 11 July 2024, 18:17
Bank of Korea Decision
The Bank of Korea has decided to maintain its key interest rate for the twelfth consecutive session, citing the need for stability in the current economic environment.
Potential Rate Cut
The Monetary Policy Board has hinted at the possibility of a rate reduction in the near term, acknowledging the need for proactive measures to support economic growth.
- Stability: The central bank aims to provide stability amidst economic uncertainties.
- Forward Guidance: Signals from the Monetary Policy Board suggest a potential rate cut in the coming months.
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