Bank of Korea Holds Rate at 3.00%, Signals Further Tightening
South Korea’s central bank kept its benchmark seven-day repurchase rate at 3.00% after two consecutive increases, while signaling further tightening amid strong growth and above-target inflation.
By Kwanwoo JunSouth Korea's central bank held its policy rate steady Thursday after two consecutive increases but signaled further tightening as strong growth and above-target inflation persist.The Bank of Korea kept its benchmark seven-day repurchase rate at 3.00% after raising it in July and Augu…