BOK pauses rate hikes as inflation, debt concerns linger

The Bank of Korea held its key interest rate at 3 percent Thursday, pausing after two consecutive hikes as persistent inflation and financial stability risks complicated the policy outlook. The central bank raised rates by 25 basis points in both July and August before opting to stand pat this month. Inflation remains a key concern. Consumer prices rose 2.9 percent on-year in September, easing from 3.1 percent in August but remaining well above the BOK's 2 percent target. Higher oil prices, driv

Source: The Korea Herald