The Bank of Korea (Bok) in Seoul on December 28, 2024.
Kim Jae-Hwan | Lightrocket | Pictures of getty
The Central Bank of South Korea had its policy rate 2.75% Thursday, as the country gets on North -American rates and prepares for the Presidential Elections of SNAP.
This was in line with an economist reteu survey planning the bank to keep the rates unaltered.
On Tuesday, South Korea Minister of Finance Choi Sang-Mok told Parliament that the country would try to delay the implementation of the rates as long as possible in negotiations with the United States
Choi also said that this was to help reduce the uncertainty that southern companies -Coreanes have in the world markets, reported Reuters.
South Korea has been affected by a 25% rate on cars, as well as steel and aluminum. Hyundai and South Korea Kia are between the The eight best -selling marks In the United States and the country is the fourth largest steel exporter in the United States
The fourth largest economy in Asia was also affected by a 25% « reciprocal » rate by the President of the United States, Donald Trump, although this has been suspended for 90 days, outside a 10% initial rate.
The movement also comes when South Korea goes to the polls to choose a new president on June 3, after Yoon Suk Yeol was withdrawn from the post on April 4 on his short martial law declaration in December.
At his last meeting in FebruaryThe Bok reduced its growth prospects from 2025 to 1.5% of 1.9% of foresight in November, saying that the recovery of national demand and the growth of exports could be less than those provided due to the deterioration of the economic sentiment and the United States fare policies.
South Korea inflation reached 2.1% in March, slightly above the 2% inflation target of Bok.
Those of the country Kospi The shared index increased by 0.56% after the announcement, while the gain weakened 0.58% to trade at 1,422 compared to dollar.
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