Business News Asia
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.