Bank of Korea leaves interest rate unchanged at 3.5%, as expected

<p>South Korea’s central bank has held its benchmark seven-day repurchase rate steady at 3.50%. Its been 3.5% now since January of 2023.</p><ul><li>South Korea’s headline monthly inflation averaged 3.6% in 2023</li><li>down from 5.1% in 2022</li><li>The bank expects inflation to ease further and average 2.6% this year, still above its 2.0% target</li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.