The Bank of Korea is expected to keep its benchmark interest rate steady at 2.75% at its April 17 meeting, according to a Reuters poll of economists.
Of the 37 surveyed, 24 anticipate no change, while 13 foresee a 25 basis point cut.This would mark the second pause since the central bank began easing rates in October, with policymakers now assessing the economic fallout from U.S. President Trump’s tariff actions and recent currency market volatility. Exports make up nearly half of South Korea’s GDP, leaving the economy especially sensitive to trade disruptions.
Despite the likely hold, most economists still expect the BOK to resume cutting rates from May, with 27 of 30 predicting a reduction to 2.50% next month and further easing to 2.25% by the end of Q3 — unchanged from the February poll.
Morgan Stanley:
a “dovish hold” is expected this week as the BOK navigates tariff uncertainty and sharp FX swingsdownward revision to the bank’s growth outlook in May is now likely. This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
Finally We wish PressBee provided you with enough information of ( Bank of Korea seen holding rates this week, but cuts expected soon )
Also on site :
- Teen shot, killed at Torrance pool party was reportedly picking up sibling
- Tech Billionaire Reveals Plans To Leave Fortune To All 106 Of His Children
- '70s Star Says 'Star Trek' Actor Is Her 'Favorite Person to Kiss' Besides Her Husband