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BOK expected to hold rates in May after Fed pause

The Bank of Korea (BOK) is expected to hold its benchmark interest rate at its May meeting, following the U.S. Federal Reserve’s decision to keep its policy rate unchanged, local analysts said Thursday. Amid heightened economic uncertainty from the Middle East conflict and rising inflationary pressure driven by a surge in global oil prices, the central bank, like its U.S. counterpart, faces limited room for rate adjustments, they said. [...]