Bank Korea (BOK) in Seoul on December 28, 2024
Kim Jae-Han Lightrock | Getty images
The Central Bank of South Korea maintained the rate of politics On Thursday, 2.75%, when the country is struggling with the US tariffs and preparing for SNAP presidential elections.
This was in line with the Reuters economy survey, which forecasts the bank to keep the feet unchanged.
On Tuesday, the Minister of Finance of South Korea Choi Sang-Mok supposedly told the parliament that the country will try to delay the implementation of tariffs as long as possible in negotiations with the USA
Reuters announced that Choi also said that it was to help reduce the uncertainty of which companies from South Korea stand in global markets.
South Korea was affected by a 25% tariff for cars, as well as steel and aluminum. Hyundai and Kia from South Korea are one of Eight best -selling brands in the USA, and the country is the fourth largest exporter of steel to the USA
The fourth largest economy of Asia was also affected by a 25% “mutual” tariff by US President Donald Trump, although it was suspended for 90 days, except for 10% of the basic tariff.
This movement also appears when South Korea goes to the polls to choose a new president on June 3, after Yoon Suk Yeol was removed from the office on April 4 over his short -term statement of martial law in December.
During the last meeting in FebruaryThe side reduced the prospects for growth in 2025 to 1.5% from the 1.9% forecast in November, saying that regaining domestic demand and increase in exports will probably be lower than expected due to the deterioration of the US economic moods and the US tariff policy.
South Korea inflation was 2.1% in March, slightly above 2% of the target BOK inflation.
Country Kospie The stock index increased by 0.56% after the announcement, while won Weakened 0.58% to exchange 1 422 in relation to the dollar.