Bank of Korea to hold rates to ease pressure on battered won: Reuters poll

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Bank of Korea to hold rates to ease pressure on battered won: Reuters poll - Channel News Asia

Quick Summary:

BENGALURU : The Bank of Korea will keep its key policy rate at 3.25 per cent this week to support the Korean won against a strong U.S.dollar, according to a majority of economists in a Reuters poll who forecast at least three rate cuts next year.Fears U.S.

About 90 per cent of economists, 34 of 38, surveyed between Nov.18 and Nov.25 forecast it will keep its base rate unchanged at 3.25 per cent on Thursday.

That is expected to force the Bank of Korea to pause its easing cycle, which only started last month.