The Bank of Korea, South Korea’s central bank, has decided to keep interest rates on hold at 2.25%.
The bank said that rate increases down the line would be modest due to global economic uncertainties, notably in the U.S. economy. In a statement, the bank said that the U.S. economy showed signs of a slowdown.
“Looking ahead, there exists the possibility of the heightened volatility of economic activity in major countries acting as a risk factor for the global economy,” said the statement.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in