Bank of Korea maintains steady policy rate as Asia markets and bitcoin surge.
TL;DR Summary
The Bank of Korea held interest rates steady at 3.5%, in line with expectations, while Asia-Pacific markets rose. Bitcoin surpassed $30,000, and oil prices inched up as investors balance rate hike concerns and OPEC cuts. Australian miner Newcrest Mining received a sweetened offer from its U.S. rival Newmont, and Bank of Japan governor Kazuo Ueda emphasized the need to maintain unconventional monetary policies.
- Bank of Korea holds rates; Asia markets rise as bitcoin hits $30,000 CNBC
- Bank of Korea stands pat for second straight time, as expected Reuters
- BofA Securities' Oh on BOK Rate Decision Bloomberg
- BOK freezes rate once again The Korea Herald
- Bank of Korea holds policy rate steady at 3.50%, as expected Reuters
- View Full Coverage on Google News
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