{"id":22327,"date":"2011-07-14T04:30:00","date_gmt":"2011-07-14T08:30:00","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?guid=a6c77276dde7f824fbcb77883578eb47"},"modified":"2011-07-14T04:30:00","modified_gmt":"2011-07-14T08:30:00","slug":"bank-of-korea-holds-repo-rate-at-3-25","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/07\/14\/bank-of-korea-holds-repo-rate-at-3-25\/","title":{"rendered":"Bank of Korea Holds Repo Rate at 3.25%"},"content":{"rendered":"<p><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px;\"><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px;\">The&nbsp;<a href=\"http:\/\/eng.bok.or.kr\/\" style=\"color: #3778cd; text-decoration: none;\">Bank of Korea<\/a>&nbsp;held its&nbsp;7-day repurchase rate unchanged at 3.25%. &nbsp;The Bank of Korea noted: &#8220;The Committee expects the high level of inflation to continue in the coming months, driven largely by demand-side pressures resulting from the underlying uptrend in economic activity and by inflation expectations.&#8221; The Bank also said: &#8220;For Korea, the Committee judges the economy to have maintained its underlying upward trend, given for instance that exports show robust growth and that domestic demand is increasing modestly&#8230; Going forward, the Committee anticipates that the domestic economy will keep up this underlying trend, even in the presence of external risks.&#8221;<\/span><\/span><\/p>\n<div><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px;\"><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px;\"><\/span><\/span><br \/><a name='more'><\/a><\/div>\n<div><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px;\"><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px;\">At its June meeting this year the Bank of Korea increased the&nbsp;<a href=\"http:\/\/www.centralbanknews.info\/2011\/05\/bank-of-korea-maintains-7-day-repo-rate.html\" style=\"color: #3778cd; text-decoration: none;\">7-day repurchase rate<\/a>&nbsp;by 25 basis points to 3.25%. &nbsp;South Korea reported annual consumer price inflation of 4.4% in June (and 3.7% core inflation) up slightly from 4.1% in May, and &nbsp;4.2% in April, and currently above the Bank&#8217;s inflation target of 2%-4% through 2012. &nbsp;On inflation the Bank said: &#8220;the prices of processed food products and personal services continued to rise; this uptrend in core inflation is seen persisting for the time being.&#8221; &nbsp;The South Korean Won last traded around 1,058 against the US dollar.<\/p>\n<p><a href=\"http:\/\/www.centralbanknews.info\/\" style=\"color: #3778cd; text-decoration: none;\">www.CentralBankNews.info<\/a><\/span><\/span><\/div>\n<div class=\"blogger-post-footer\"><img width='1' height='1' src='https:\/\/blogger.googleusercontent.com\/tracker\/8290544642025682538-7357580191323128031?l=www.centralbanknews.info' alt='' \/><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The&nbsp;Bank of Korea&nbsp;held its&nbsp;7-day repurchase rate unchanged at 3.25%. &nbsp;The Bank of Korea noted: &#8220;The Committee expects the high level of inflation to continue in the coming months, driven largely by demand-side pressures resulting fr&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-22327","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/22327","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=22327"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/22327\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=22327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=22327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=22327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}