The Bank of Korea held its benchmark seven-day repurchase rate unchanged at 3.00% at its monetary policy meeting on Thursday, a decision unanimously approved by the Monetary Policy Board and in line with broad market expectations. In standing pat, the central bank made clear it will still decide the timing and pace of further rate increases based on inflation, the domestic economy and financial stability, signaling that its policy stance has not shifted toward easing. Looking back at its policy path, the Bank of Korea raised rates by a quarter percentage point (25 basis points) in both July and August to counter persistent price pressures.
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