Will examine timing for a rate cut (Il Sole 24 Ore Radiocor) - Seoul, 11 Jul - The Bank of Korea said that its Monetary Policy Board decided to leave the base rate unchanged at 3.50% but will examine the timing for a rate cut.

"In light of the necessity to further assess whether inflation continues its slowing trend and to pay attention to the impacts of foreign exchange market volatility and the increasing trend of household debt on financial stability, the board sees that it is appropriate to assess domestic and external policy conditions while maintaining its current restrictive policy stance," it said.

It added that "while maintaining a restrictive monetary policy stance for a sufficient period of time, the board will examine the timing of a rate cut. In this process, the board will thoroughly assess the slowing trend of inflation and the trade-off between policy variables, such as growth and financial stability.".

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(RADIOCOR) 11-07-24 08:06:15 (0092) 5 NNNN