The Bank of Korea will hold a monetary policy committee meeting later this Wednesday morning to decide on its key policy interest rate.
According to Reuters and Bloomberg poll of analysts, South Korea's central bank will likely cut its policy interest rate today to support slowing economic growth and weak price pressures.
And, the first-ever drop in consumer prices and a relentless decline in exports in recent weeks are adding to the case for the central bank to cut interest rates.
Analysts expect the Bank of Korea, which lowered its key rate in July and left it unchanged in August, to reduce the seven-day repurchase rate by 25 basis points to one and a quarter percent matching an all-time low.

Source: Arirang News
Copyright Arirang News. All rights reserved, reprinted with permission by Dailymotion

Related News about "Bank of Korea to decide benchmark interest rate today" news from other sites: (news similarity rate is shown on left.)

Britain closes embassy in North Korea, evacuates diplomats The closure was a temporary move and came because Pyongyang's "restrictions on entry to the country... >>
S. Korea confirms 79 new cases, highest daily tally in 53 days South Korea reported 79 cases of novel coronavirus Thursday, recording the highest single-day daily increase since April 5. The nationwide total now stands at 11,344. Sixty-eight of the 79 new cases .. >>
Korea-China Olympic qualifier now in Feb SHANGHAI: The coronavirus-delayed women’s football Olympic qualifier between South Korea and China is now slated for February 2021, nearly a year later than first planned.The rivals will face of.. >>
Serie A fate to be decided today MILAN: Serie A’s hopes of following Germany and Spain back onto the pitch will be decided on Thursday in a meeting with the Italian government which will determine the fate of the season in Ital.. >>
ICC to decide fate of T20 WC today DUBAI: The men's T20 World Cup scheduled for October in Australia is all but set to be postponed when the ICC meets on Thursday, with members already discussing alternative scenarios which include the.. >>
South Korea: South Korea , officially the Republic of Korea , is a country in East Asia, constituting the southern part of the Korean Peninsula. The name Korea is derived from Goryeo, a dynasty which ruled in the Middle Ages. It shares land borders with North Korea to the north, and oversea borders with China to
- South Korea Wikipedia
July: July is the seventh month of the year in the Julian and Gregorian Calendars and one of seven months with the length of 31 days. It was named by the Roman Senate in honor of the Roman general, Julius Caesar, it being the month of his birth. Prior to that, it was called Quintilis.
Wednesday: Wednesday is the day of the week between Tuesday and Thursday. According to international standard ISO 8601 adopted in most western countries it is the third day of the week. In countries that use the Sunday-first convention Wednesday is defined as the fourth day of the week. It is the fourth day o
Bank: A bank is a financial institution and a financial intermediary that accepts deposits and channels those deposits into lending activities, either directly by loaning or indirectly through capital markets. A bank is the connection between customers that have capital deficits and customers with capital
August: August is the eighth month of the year in the Julian and Gregorian Calendars and one of seven months with a length of 31 days.
Reuters PhotoReuters: Reuters rtrz is an international news agency headquartered in New York, United States, and a division of Thomson Reuters. Until 2008, the Reuters news agency formed part of an independent company, Reuters Group plc, which was also a provider of financial market data. Since the acquisition of Reuters
Bloomberg: Bloomberg is a surname Anglicized from Yiddish or German: Blumberg. Notable people with the surname include: