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JP9010100007

Market Closed - Japan Exchange 02:00:02 2024-07-18 EDT			5-day change	1st Jan Change
2,869 ^PTS	-1.60%		-2.07%	+21.22%

07:46am	Taiwan, S.Korea shares fall on Sino-US chip tensions	RE
04:16am	Comture Allocates Over 7,000 Shares for Executive Compensation Plan	MT

Most BOK board members say monetary policy needs to remain restrictive

January 30, 2024 at 02:13 am

SEOUL, Jan 30 (Reuters) - Most of the Bank of Korea's (BOK) board members said monetary policy needs to stay restrictive for some time to bring inflation back down to the bank's target level of 2% as uncertainties related to supply-side persist, minutes of its Jan. 11 meeting showed on Tuesday.

The BOK held its benchmark rate at 3.50% for an eighth meeting in January and hinted it may pivot towards monetary easing along with its global peers, an outcome correctly forecast by all 38 economists polled by Reuters.

(Reporting by Cynthia Kim, Jihoon Lee; Editing by Christian Schmollinger)

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