Bank of Korea widely expected to hold key rate at 0.75% to monitor impact of current measures
- 4 years ago
한은 금통위, 9일 기준금리 동결 전망 우세
Decision time is looming for the Bank of Korea on whether or not to take further action against the COVID-19 pandemic as fears of a global recession rise.
During its regular policy meeting Thursday, the central bank is widely expected to hold its rate steady at a record low of point-7-5 percent,... opting to monitor the impact of the current measures.
Analysts calling for a freeze to the BOK's limited policy options and the need to check how the government's stimulus package is helping the market,... especially with the Moon administration eyeing a second extra budget to cope with the economic impact of the outbreak.
The BOK cut its benchmark rate below one-percent last month,... a matter of hours after the Federal Reserve slashed its interest rate to near zero.
Decision time is looming for the Bank of Korea on whether or not to take further action against the COVID-19 pandemic as fears of a global recession rise.
During its regular policy meeting Thursday, the central bank is widely expected to hold its rate steady at a record low of point-7-5 percent,... opting to monitor the impact of the current measures.
Analysts calling for a freeze to the BOK's limited policy options and the need to check how the government's stimulus package is helping the market,... especially with the Moon administration eyeing a second extra budget to cope with the economic impact of the outbreak.
The BOK cut its benchmark rate below one-percent last month,... a matter of hours after the Federal Reserve slashed its interest rate to near zero.