Bank of Korea Holds Rates After Back-to-Back Hikes
The Bank of Korea left its benchmark interest rate unchanged on Thursday, pausing after quarter-point hikes in July and August. Strong chip-driven growth and above-target inflation keep further tightening an option.
By Cynthia Kim and Jihoon LeeThe Bank of Korea left its benchmark interest rate unchanged on Thursday, pausing after back-to-back quarter-point hikes in July and August, although strong chip-driven growth and above-target inflation keep the option of further tightening open.The seven-member monetar…