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via rttnews.comEconomy

Bank of Korea keeps rate on hold after two consecutive quarter-point hikes

FROM THE WIRE · RTTNEWS.COM

The Bank of Korea left its benchmark rate unchanged on Thursday, following two consecutive quarter-point rate hikes and maintained a hawkish stance as inflation is expected to remain above the target level.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralA pause after two hikes, with inflation expected above target, keeps attention on Korean rates and the won.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The Bank of Korea left its benchmark rate unchanged on Thursday.
  2. 02It had previously delivered two consecutive quarter-point rate hikes.
  3. 03The bank maintained a hawkish stance as inflation is expected to stay above target.

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