central bank

South Korea’s central bank maintained its policy rate at 2.50% for the fourth consecutive meeting, staying on the sidelines as it raised its growth and inflation forecasts.

Ten out of 11 economists in a Wall Street Journal poll had expected no action at the central bank’s final rate-setting meeting of the year.

This has long been the case to curb the flight of capital out of the country, and to protect the reserves of the Argentina central bank.

Those points could give the central bank more leeway to lower interest rates at its final meeting of the year.

Those points could give the central bank more leeway to lower interest rates at its final meeting of the year.