Bank of Korea unexpectedly holds rate steady

Bank of Korea leaves rates unchanged at 3% in a surprise move
South Korea's central bank Thursday held its benchmark policy rate at 3% in a surprise move, opting to assess changes in domestic and external economic conditions after having delivered two back-to-back cuts in its previous meetings.
Bank of Korea Surprises by Holding Rates Steady As Uncertainty Lingers -- Update
The surprise decision came as South Korea's trade-dependent economy faces challenges from weakening export growth and a sluggish recovery in domestic demand, partly hindered by political turmoil following impeached President Yoon Suk Yeol's short-lived declaration of martial law in December.
Bank of Korea holds key rate unchanged
Despite mounting woes leading to weak growth momentum, South Korea's central bank kept its benchmark interest rate frozen Thursday in the wake of the weak local currency and uncertainties stemming from the new Donald Trump administration.
Indonesian rupiah, Korean won hit by surprise central bank rate calls
The Indonesian rupiah stayed near six-month lows on Thursday, while the South Korean won snapped a three-day winning streak after both countries' central banks shocked investors by eschewing widely anticipated interest rate calls.
Bank of Korea Stands Pat Amid Pressure to Cut Rate
South Korea’s central bank unexpectedly stood pat amid lingering pressure to cut its policy rate further to support growth in Asia’s fourth-largest economy.
Bank of Korea holds rate steady at 3%, citing exchange rate volatility
South Korea’s central bank kept the interest rate unchanged at 3.0%, pausing a series of rate cuts that began last October. This decision comes despite growing concerns about heightened political uncertainties caused by the martial law crisis and sluggish domestic demand.
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