By Veronica Dudei Maia Khongwir
BENGALURU (Reuters) -South Korea’s central bank will keep its key interest rate unchanged for a third consecutive meeting on Thursday, prioritising economic stability over a recovery in growth, according to a Reuters poll of economists who expect the next rate cut in November.
The Bank of Korea (BOK) raised concerns at its previous meeting about risks to financial stability amid an overheated housing market and uncertainty over a trade deal with the United States, which is likely to be finalised at the end of this month, prompting the central bank to remain on hold for now.
Nearly 95% of economists, 33 of 35, polled October 14-20 forecast the BOK would hold its base rate at 2.50% on October 23. Two predicted a 25-basis-point cut to 2.25%.
“It’s unlikely