No Further Cuts to Key Interest Rate Expected This Month
Ahead of the Bank of Korea's monetary policy meeting on Thursday, a majority of analysts are saying the central bank will likely hold off on making further cuts to the nation's key interest rate.. for now.
The BOK cut the interest rate for the first time in more than three years to 3-percent last month.
Some experts say it may be better for the central bank to wait until last month's cut to work through the economy before more cuts are made.
Most pundits expect no adjustment in the interest rate this month in view of the lack of easing in monetary polices by international institutions like the European Central Bank and the U.S. Federal Reserve.
However, analysts are predicting that further cuts to the nation's key interest rate will be made by the end of the year.
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