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via finance.yahoo.comEconomy

Bank of Korea holds rates at 3% after back-to-back hikes

FROM THE WIRE · FINANCE.YAHOO.COM

Investing.com -- The Bank of Korea kept its benchmark interest rate at 3.00% on Thursday, giving policymakers time to assess the effects of two consecutive rate hikes on domestic inflation as strong demand for semiconductors continues to underpin economic growth. Still guessing…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralThe hold was expected and the won strengthened, but further tightening depends on inflation developments.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The Bank of Korea kept its benchmark rate unchanged at 3.00%.
  2. 02The pause follows two 25-basis-point hikes in July and August.
  3. 03The won strengthened after the decision, while strong semiconductor demand supports growth.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
KOSPIINDEX:KS11Index5,596.98-0.05%today -2.42%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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