(Bloomberg) -- Economists are divided over whether
South Korea's central bank will raise its benchmark interest
rate for the first time in a year, as accelerating loan growth
threatens to spur inflation.
Bank of Korea will lift the overnight call rate target by a
quarter point to a six-year high of 4.75 percent, according to
eight of 15 economists surveyed by Bloomberg News. Seven expect
no change. The central bank's monetary board meets tomorrow at 9
a.m. in Seoul and announces a decision before 11 a.m.
Read more at Bloomberg Emerging Markets News
South Korea's central bank will raise its benchmark interest
rate for the first time in a year, as accelerating loan growth
threatens to spur inflation.
Bank of Korea will lift the overnight call rate target by a
quarter point to a six-year high of 4.75 percent, according to
eight of 15 economists surveyed by Bloomberg News. Seven expect
no change. The central bank's monetary board meets tomorrow at 9
a.m. in Seoul and announces a decision before 11 a.m.
Read more at Bloomberg Emerging Markets News
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