Bank of Korea holds rates steady as expected to assess impact of consecutive hikes; governor's remarks may signal future policy path.

ZHITONG FINANCE APP has learned that the Bank of Korea announced on Thursday that it will keep the seven-day repurchase rate unchanged at 3%, in line with market expectations. After raising rates by 25 basis points in July and August respectively to curb inflation triggered by an unprecedented semiconductor-driven economic boom - the central bank's first back-to-back rate hikes in more than three years - the Bank of Korea chose to pause rate hikes to assess the impact of rising borrowing costs.