- The Bank of Korea held its seven-day repurchase rate at 3% in a unanimous decision on Thursday.
- The BOK said it expects growth this year and next to be considerably higher than previous projections, signaling more tightening to come.
- The hold follows quarter-point increases in July and August, the BOK's first consecutive hikes in more than three years.
- All 24 economists surveyed by Bloomberg predicted the hold.
Quotes
“considerably higher”