South Korea leaves base rate at 3.5% (as expected)

Bank of Korea is South Korea’s central bank.

• May 2024 policy decision is to leave the base rate at 3.5%, as expected

Forecast updates issued:

• Sees 2024 inflation at 2.6% (unchanged from February forecast of 2.6%)
• Sees 2025 inflation at 2.1% (unchanged from February forecast of 2.1%)
• Sees 2024 GDP growth at 2.5% (vs, 2.1% previously forecast)
• Sees 2025 GDP growth at 2.1%

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



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