Bank of Korea Holds Firm Despite Softening Inflation

The Bank of Korea held its key policy rate steady at 3.5% on Wednesday, unchanged since January of 2023 despite the central bank declaring that "inflation has continued its slowing trend."

MT NewswiresJul 11 09:21 ET

Bank of Korea's Move Prompts Citi to Delay Rate-Cut Timing Until October -- Market Talk

The Bank of Korea's unanimous rate-hold decision-- without any dissenters calling for policy easing--prompts Citigroup to delay its timeline for rate cuts. Citi now sees the start of easing in October instead of in August. The lack of "a dovish minority opinion" at the BOK's July meeting should lower the chances for a rate cut at the upcoming August meeting, Citigroup economists Jin-Wook Kim and Jiuk Choi write in a note.

WSJJul 11 04:17 ET

Hana Financial Could Post Resilient 2Q Earnings on Strong Loan Growth -- Market Talk

0141 GMT - Hana Financial Group could post resilient 2Q earnings on strong loan growth, Daiwa Capital analysts Mike Oh and Daeho Son write in a note. The South Korean lender's aggressive loan growth

WSJJul 10 21:41 ET

Bank of Korea Holds Rate Steady for 12th Time -- Update

South Korea's central bank held its base rate steady in a move that was widely anticipated but comes alongside growing expectations that it could be gearing up to pivot towards policy easing in the coming months.

WSJJul 10 20:55 ET

South Korea's Jobless Rate Stays at 2.8% for Fourth Consecutive Month in June

South Korea's unemployment rate steadied at 2.8% for the fourth straight month in June, the nation's statistics agency reported on Wednesday.

MT NewswiresJul 10 05:52 ET

South Korea's Unemployment Rate Steady at 2.8% for a Fourth Month in June

South Korea's seasonally adjusted unemployment rate stood at 2.8% in June, unchanged for a fourth straight month, data released Wednesday by Statistics Korea revealed.

MT NewswiresJul 9 23:28 ET