Bank of Korea holds rate at 3.00%, its first pause after two hikes
The central bank kept its policy rate at 3.00% but left the door open to further tightening.
The Bank of Korea held its base rate at 3.00% on Oct. 22, its first pause after back-to-back hikes in July and August.
- Door left open: Officials signaled further increases remain possible depending on inflation and the won.
- Market reaction: The KOSPI fell 3.52% that day as foreign selling and U.S. tech worries weighed.
- What’s next: Korea’s Q3 GDP (Oct. 27) and the Fed decision (Oct. 28 ET).
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