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Bank of Korea due to set key interest rate Updated: 2019-08-30 05:17:31 KST

Cut, raise, or stay the same?
We'll find out soon as the Bank of Korea will announce its benchmark interest rate decision in the next few hours.
The key rate currently stands at one.five percent, after the central bank cut the rate by zero.two-five percent last month citing the economic uncertainties facing the country.
With business sentiment remaining sluggish this month, as South Korean firms face a slowdown in exports as well as domestic sales, most observers expect a rate freeze on Friday.
The latest projection is for the Bank of Korea to cut rates two more times either later this year or in early 2020.
Reporter : osy@arirang.com
KOGL : Korea Open Government License
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