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BOK likely to freeze interest rate for July: poll
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South Korea's central bank is widely expected to freeze the key interest rate
for July following a rate hike in June due to growing household debt and
lingering external economic uncertainty, a poll showed Tuesday.
Eighteen out of 19 economists predicted that the Bank of Korea (BOK) will freeze the benchmark seven-day repo rate at 3.25 percent on Thursday, according to the survey by Yonhap Infomax, the financial news arm of Yonhap News Agency.
Date
2011.07.12
Eighteen out of 19 economists predicted that the Bank of Korea (BOK) will freeze the benchmark seven-day repo rate at 3.25 percent on Thursday, according to the survey by Yonhap Infomax, the financial news arm of Yonhap News Agency.
Source: Yonhap News (July 12, 2011)