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via economictimes.indiatimes.comEconomy

Bank of Korea holds rates at 3.00% after back-to-back hikes

FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM

The Bank of Korea kept its benchmark interest rate unchanged at 3.00% on Thursday, pausing after back-to-back 25-basis-point hikes in July and August. The decision was in line with expectations of all 34 economists surveyed by Reuters.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralThe hold was in line with consensus, so the market impact should be limited.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The Bank of Korea kept its benchmark rate unchanged at 3.00%.
  2. 02The decision follows two 25-basis-point hikes in July and August.
  3. 03The hold was in line with the expectations of all 34 economists surveyed by Reuters.

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