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Economy News
 
Bank of Korea holds rates as inflation trails target, trade fears remain
24-May-2018

The Bank of Korea held interest rates steady for a sixth straight month on Thursday, with inflation seen remaining below target and trade frictions between the United States and China raising fears of collateral damage to other export-reliant Asian economies. The Bank of Korea’s monetary policy committee held its base rate steady at 1.5 percent, in line with forecasts from 13 analysts surveyed in a Reuters poll. Market players took Thursday’s decision in stride. The Korean won was up 0.1 percent as of 0105 GMT versus its previous close, while June contract on 3-year treasury bond futures increased by 0.07 points 107.83.

News Source:- https://in.reuters.com/article/southkorea-economy-rates/bank-of-korea-holds-rates-as-inflation-trails-target-trade-fears-remain-idINKCN1IP0DB