city road traffic bridge

Bank of South Korea Maintains Interest Rates Amid Fears that Rise of Coronavirus and Ukraine Crisis Will Affect Economy

The Korean central bank (BOK) left the interest rate at 1.25% today, as the number of coronavirus cases is a cause for concern. In addition, the increasing and tense situation in Ukraine could affect the economic outlook.

The BOK has raised its inflation forecast for this year from 2.0% to 3.1%.

Analysts expect the BOK to begin raising interest rates in the second quarter of this year and that rates will remain at 1.75% through the end of the year.

Leave a Reply

Change Language
%d bloggers like this: