6 days ago
Trade Deal Eased Pressure Before Korea Rate Decision, Rhee Says
South Korea's trade deal with the US 'helped ease a significant burden' before this month's rate decision, Bank of Korea Governor Rhee Chang Yong said.
While Rhee declined to elaborate on the likely direction of policy at the Aug. 28 meeting, the BOK is emerging from a two-month pause in its easing cycle that coincided with the trade talks. Economists remain divided on the outcome, with some expecting the central bank to hold rates and others forecasting a quarter-point cut.
