BOK to reveal benchmark interest rate, economic growth rate projection
- 5 years ago
The Bank of Korea will announce this morning its benchmark interest rate and the country's economic growth projection.
Experts say South Korea's central bank will keep its key rate at one-point-seven-five percent after it raised the figure by a-quarter-of-a-percent last November.
The IMF kept its yearly growth outlook for South Korea at two-point-six percent last week.
But the U.S.-China trade spat, Brexit, sluggish semiconductor industry and the government's plan to draw up an extra budget could impact the BOK's announcement on whether to keep its economic growth rate projection at two-point-six percent for the year.
Experts say South Korea's central bank will keep its key rate at one-point-seven-five percent after it raised the figure by a-quarter-of-a-percent last November.
The IMF kept its yearly growth outlook for South Korea at two-point-six percent last week.
But the U.S.-China trade spat, Brexit, sluggish semiconductor industry and the government's plan to draw up an extra budget could impact the BOK's announcement on whether to keep its economic growth rate projection at two-point-six percent for the year.