Bank of Korea set to hold interest rates during transition post-election

All 23 economists polled by Bloomberg forecast the South Korean central bank will keep its benchmark rate at 3.5%. — Bloomberg

Seoul: The Bank of Korea (BoK) is expected to keep its policy settings unchanged, opting to continue its inflation fight in a steady manner as the nation undergoes a major political change and two of the bank’s board members prepare to exit.

All 23 economists polled by Bloomberg forecast the South Korean central bank will keep its benchmark rate at 3.5%, a decision that would underscore continued caution toward early policy pivots.