South Korean and Indonesian central banks hold rates
BoK says policy will remain restrictive for now, while BI highlights need to keep inflation stable
The central banks of South Korea and Indonesia have both kept their policy rates unchanged.
The monetary policy board at the Bank of Korea (BoK) today (February 22) unanimously decided to hold the base rate at 3.5% for the ninth consecutive meeting. The monetary policy board of Bank Indonesia (BI) announced the previous day that it was keeping its rate at 6% for the fourth consecutive meeting. Both decisions had been widely expected by analysts.
The BoK’s announcement came despite slowing
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