SEOUL — In a widely anticipated move, bond traders across South Korea are predicting that the Bank of Korea (BOK) will maintain its key interest rate during this week’s rate-setting meeting, marking the 12th consecutive session without change. This forecast reflects prevailing concerns about increasing volatility in the foreign exchange markets.
According to Yonhap News Agency, recent survey conducted by the Korea Financial Investment Association, 99 percent of the 100 bond traders surveyed last week expect the BOK to keep the key rate steady. The survey highlights the cautious stance of market participants in response to recent fluctuations in currency values, suggesting a preference for stability in the face of uncertain economic signals. The BOK’s decision is set for announcement after their meeting on Thursday.