South Korea CB Holds Rate at 2.50 Percent

January 9, 2014 Share Print 0

The monetary policy committee of the South Korean central bank held its policy interest rate steady in a unanimous vote on Thursday, the head of the Bank of Korea said.

Governor Kim Choong-soo also told reporters the central bank maintained its 2014 economic growth forecast at 3.8 percent while slightly lowering the inflation projection to 2.3 percent from 2.5 percent seen in October last year.

The seven-member committee kept the policy interest rate unchanged at 2.50 percent for an eighth consecutive month, matching the market’s consensus view.

via South Korea central bank held rates in unanimous vote: Governor

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.