FOREX TradingCharts.com

Financial News: S. Korea's Central Bank Holds Key Rate

S. Korea's Central Bank Holds Key Rate

07/13/2018 - 01:22:00 (RTTNews)

(RTTNews) - South Korea's central bank maintained its key rate for the fifth straight meeting, as widely expected, on Friday.

The Monetary Policy Board of the Bank of Korea decided to leave the base rate unchanged at 1.50 percent. The bank had last raised its rate in November.

"Looking ahead, the Board will conduct monetary policy so as to ensure that the recovery of economic growth continues and consumer price inflation can be stabilized at the target level over a medium-term horizon, while paying attention to financial stability," the bank said in a statement.

Policymakers said they will judge carefully whether it is necessary to adjust its accommodative monetary policy stance further, while closely checking future economic growth and inflation trends.

The board also said it will also monitor conditions related to trade with major countries, any changes in the monetary policies of major countries, the trend of increase in household debt, and geopolitical risks.

The bank expects inflation, after remaining in the mid-1 percent range for some time, to pick up and gradually approach the target level.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2018 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


BRAZIL: DI Rates Close Slightly Lower On Powell Remarks (22 min(s), 15 sec(s) ago)
(RTTNews) - The one-day interbank deposit futures rates (DI rates) in Brazil ended lower, reflecti ...Full Story»

Australia Leading Index On Tap For Wednesday (16 min(s), 15 sec(s) ago)
(RTTNews) - Australia will on Wednesday release June results for the leading economic index from W ...Full Story»

Powell: Gradually Raising Interest Rates The Best Way Forward (44 min(s), 15 sec(s) ago)
(RTTNews) - Federal Reserve Chairman Jerome Powell reiterated during testimony on Capitol Hill on ...Full Story»

U.S. Homebuilder Confidence Holds Steady In July (48 min(s), 15 sec(s) ago)
(RTTNews) - Homebuilder confidence in the U.S. has held steady in the month of July, according to ...Full Story»

U.S. Industrial Production Rebounds In Line With Estimates In June (46 min(s), 15 sec(s) ago)
(RTTNews) - Partly reflecting a rebound in auto production, the Federal Reserve released a report ...Full Story»

UK Pay Growth Slows Amid Record Employment (44 min(s), 15 sec(s) ago)
(RTTNews) - Britain's employment level set a fresh record in the three months to May and unemp ...Full Story»

Poland's Avg Gross Wages Rise More Than Forecast (22 min(s), 15 sec(s) ago)
(RTTNews) - Poland's average gross wages increased more than expected in June, figures from St ...Full Story»

Croatia Inflation Highest Since Apr 2013 (10 min(s), 15 sec(s) ago)
(RTTNews) - Croatia's consumer price inflation accelerated further in June to the highest leve ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

BRAZIL: DI Rates Close Slightly Lower On Powell Remarks

07/17/2018 - 20:06 PM (RTTNews)
(RTTNews) - The one-day interbank deposit futures rates (DI rates) in Brazil ended lower, reflecti ...Full Story>>

Australia Leading Index On Tap For Wednesday

07/17/2018 - 18:00 PM (RTTNews)
(RTTNews) - Australia will on Wednesday release June results for the leading economic index from W ...Full Story>>

Powell: Gradually Raising Interest Rates The Best Way Forward

07/17/2018 - 11:28 AM (RTTNews)
(RTTNews) - Federal Reserve Chairman Jerome Powell reiterated during testimony on Capitol Hill on ...Full Story>>

U.S. Homebuilder Confidence Holds Steady In July

07/17/2018 - 10:32 AM (RTTNews)
(RTTNews) - Homebuilder confidence in the U.S. has held steady in the month of July, according to ...Full Story>>

U.S. Industrial Production Rebounds In Line With Estimates In June

07/17/2018 - 09:30 AM (RTTNews)
(RTTNews) - Partly reflecting a rebound in auto production, the Federal Reserve released a report ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.