South Korea central bank leaves its key rate unchanged (as expected)

Bank of Korea with no change in its rate policy, as was expected.  

  • 0.5% base rate, remains unchanged 

BoK are looking for better growth ahead:

  • sees 2021 GDP at +4% (was at +3% expected in their prior forecast ) 
  • Also, sses 2021 inflation at 1.8% (1.3% prior), 2022 at 1.4%

Source

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