South Korea: BoK expected to keep rates on hold – UOB

Lee Sue Ann, Economist at UOB Group, suggested the Bank of Korea (BoK) is predicted to leave the policy rate unchanged at 0.50% at its upcoming meeting.

Key Quotes

“After 75bps cut to the benchmark rate this year, we believe the BoK is done with cutting rates.”

“The central bank reiterated in August that. They have other non-rate tools at their disposal if needed.”