bond experts-February outlook
Most S. Korean bond experts eye rate freeze in Feb.: poll
SEOUL, Feb. 21 (Yonhap) -- A majority of bond mavens in South Korea expect the country's central bank to leave its key interest unchanged in its monetary policy meeting this week, a poll showed Tuesday.
The Korea Financial Investment Association said 66 out of 100 bond experts said they forecast the Bank of Korea (BOK) to freeze its policy rate at a policy meeting slated for Thursday, citing its survey.
The survey said 33 bond experts bet for a 25 basis point hike while one expert expected a 50 basis point hike.
In January, the Bank of Korea raised the benchmark seven-day repo rate from 3.25 percent to 3.5 percent, the seventh straight rate increase since April last year and the highest level since 2008.
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