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  • BOK expected to hold November policy rate steady: polls
    BOK expected to hold November policy rate steady: polls
    South Korea's central bank is expected to hold its key rate steady this month on concerns of increasing household debts and a possible U.S. rate hike next month, polls showed Thursday.The Bank of Korea (BOK) is set to hold its monthly rate-review session Friday to decide whether to maintain or cut the all-time low rate of 1.25 percent.A recent poll showed 99 out of 100 bond market experts surveyed said they expect th...
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BOK expected to hold November policy rate steady: polls

Nov. 10, 2016 - 10:28 By 임정요

South Korea's central bank is expected to hold its key rate steady this month on concerns of increasing household debts and a possible U.S. rate hike next month, polls showed Thursday.

The Bank of Korea (BOK) is set to hold its monthly rate-review session Friday to decide whether to maintain or cut the all-time low rate of 1.25 percent.


A recent poll showed 99 out of 100 bond market experts surveyed said they expect the BOK to keep its key rate unchanged in November.

The upcoming decision comes amid uncertainties in the financial markets following Republican presidential candidate Donald Trump's upset victory over his democratic rival Hillary Clinton in the US presidential election. (Yonhap)

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