The Bank of Japan raised its interest rates for the first time in 17 years, which analysts expect to impact the competitiveness of Korean products and corporate products. Effects on semiconductors will likely be minimal.
The Federal Reserve has voted unanimously to keep its policy rates unchanged, easing market fears of a potential price hike.
The global financial market may grow more volatile if policy rates stay high for a prolonged period, said Finance Minister Choo Kyung-ho on Thursday following the Fed’s decision to hold the target rate at a 22-year high of 5.25 to 5.5 percent.
The Bank of Korea (BOK) kept the rate unchanged at 3.50 percent on Thursday for a fifth consecutive time.
Bank of Korea (BOK) Gov. Rhee Chang-yong on Friday advised the public not to expect a rate cut any time soon.
The Bank of Korea (BOK) kept its policy rate unchanged Thursday for the fourth consecutive time, holding it at 3.5 percent as it battles growing household debt and lingering financial risks.
The Bank of Korea kept its policy rate unchanged Thursday for the fourth consecutive time, holding it at 3.50 percent.
Korea will stay vigilant as uncertainties in future monetary policy operations remain, Finance Minister Choo Kyung-ho said Thursday.
The won slipped below the 1,300 mark on Wednesday for the first time since late March, thanks to a slowing trade deficit and expectations that the Federal Reserve will likely pause rate hikes next week.
The Bank of Korea kept its policy rate unchanged Thursday for the third time in a row, holding it at 3.50 percent.
Korea JoongAng Daily Sitemap