Economics
Korea's Tepid Job Growth Points to Central Bank Standing Pat
- All analysts surveyed forecast no change at Thursday meeting
- Moderating growth in exports also cited as a concern
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Bank of Korea watchers are growing less confident that the central bank will increase interest rates again in the coming months.
Analysts at Societe Generale SA, Australia & New Zealand Banking Group, and Goldman Sachs Group were among those who either withdrew their call for a rate hike this year or pushed back their projected timing, citing moderating export growth and tepid job creation. All 18 analysts surveyed forecast no change in the 1.5 percent benchmark rate on Thursday.