The Bank of Korea (Bok) in Seoul on December 28, 2024.
Kim Jae-Hwan | LIGHTROCKET | Getty images
The Central Bank of South Korea maintained its policy rate by 2.75% on Thursday, since the country dealt with US rates. UU. And prepares for a rapid presidential election.
This was in line with a survey of reuters economists who predict the bank to keep the rates unchanged.
On Tuesday, the Minister of Finance of South Korea, Choi Sang-Mok, according to reports, the Parliament told the country that the country would delay the implementation of tariffs as long as possible in negotiations with the USS.
Choi also said that this was to help reduce the uncertainty faced by South Korean companies in global markets, Reuters reported.
South Korea has been beaten with a 25% rate on the engine, as well as steel and aluminum. Hyundai and Kia of South Korea are among the eight more vouchers of the best -selling brands in the United States, and the country is the fourth largest steel exporter to the United States.
The fourth largest economy in Asia was also beaten with a “reciprocal” rate of 25% of the president of the United States, Donald Trump, although this has been suspended for 90 days, was or a reference rate of 10%.
The measure also occurs when South Korea goes to the polls to choose a new president on June 3, after Yoon Suk Yeol was withdrawn from April 4 about his short -term martial law statement in December.
In its last meeting in February, the BOK reduced its growth perspective from 2025 to 1.5% of 1.9% prognosis in November, saying that it is likely that the recovery of domestic demand and export growth were lower than expected due to a deterioration of economic feelings and US rates.
South Korea inflation reached 2.1% in March, slightly above the inflation target of 2% of the Bok.
The country Kospi The actions index increased 0.56% after the announcement, while the cattle He weakened 0.58% to operate 1,422 against the dollar.