“Breaking: BoK Halts Tightening Cycle in April – South Korea’s Economy Shifting, Says UOB”
Economist Ho Woei Chen at UOB Group recently reviewed the latest monetary policy meeting by the Bank of Korea (BoK). The key takeaways from the meeting provide some insights into the current state of the South Korean economy, as well as potential areas of focus for future policy. First, the Monetary Policy Board of BoK […]
BoK’s Brief Halt Won’t Aid Won Much; TDS Foresees Quick Recovery from Weakness
The Bank of Korea (BoK) has decided to maintain its policy rate at 3.50%. Economists at TD Securities predict that the Won’s current weakness will be short-lived, as the USD/KRW pair faces stubborn resistance at its 200-Day Moving Average. Despite the pause, the BoK continues to keep its hawkish bias. In a unanimous decision, the […]