• South Korea’s central bank held interest rates at a 15-year high on Thursday and struck a balanced policy tone while reiterating risks around inflationary pressures in the wake of stronger-than-expected economic growth.
  • Governor Rhee Chang-yong said for now the Bank of Korea will continue to keep policy restrictive at the current 3.50% benchmark rate amid sticky inflation and the surprise first-quarter growth performance.

https://www.reuters.com/markets/asia/south-korea-extends-rate-pause-raises-growth-outlook-2024-05-23/