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FX.co ★ South Korea Interest Rate Decision Due On Friday

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typeContent_19130:::2024-10-10T22:59:00

South Korea Interest Rate Decision Due On Friday

The Bank of Korea is scheduled to conclude its monetary policy meeting this Friday, where it is expected to announce its decision regarding interest rates. Analysts predict that the Bank will maintain its benchmark lending rate at 3.50 percent, reflecting a day of relatively minimal economic activity in the Asia-Pacific region.

In Japan, September's M2 money stock figures are anticipated, with projections pointing towards a year-on-year increase of 1.5 percent, slightly higher than the 1.3 percent rise recorded in August.

Malaysia is set to release its industrial production data for August, following a year-on-year increase of 5.3 percent observed in July.

Additionally, markets in Hong Kong will remain closed this Friday due to the Double Ninth Festival, with trading set to resume on Monday.

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