The Bank of Korea held its benchmark interest rate steady to rein in rising home prices while also tweaking its forward guidance in a dovish direction, raising the possibility of a policy pivot as soon as October.
The central bank maintained its seven-day repurchase rate at 3.5% in a decision Thursday that met the expectations of 22 of 23 economists surveyed by Bloomberg. The won and the yield on three-year bonds edged lower after the statement.
Source: Bloomberg
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