South Korea's central bank holds rates steady, flags possible easing amid tariff impact
- brg_news_room
- Aug 31
- 1 min read
South Korea: South Korea's central bank held policy interest rates steady for a second consecutive review, citing concerns over housing market risks, while indicating potential easing to cushion growth pressures from U.S. tariffs. The Bank of Korea's monetary policy board voted 6-1 to keep its benchmark interest rate unchanged at 2.50%, in line with expectations. The bank also revised its growth forecast for this year to 0.9% from 0.8% earlier, though it still marks the slowest expansion since 2020.
Source: Reuters
