Central Banks' Inflation and Economic Management

South Korea's central bank maintains its policy rate at 3.50% for the eighth consecutive time, reflecting a balance between managing inflation and supporting economic recovery. The Bank of Korea expects inflation to ease and economic growth to average 2.1% in 2024. Meanwhile, the OECD urges Japan's central bank to gradually raise interest rates and make its bond yield control policy more flexible if inflation stays around its 2% target and is accompanied by sustained wage growth. Additionally, South Korea's central bank keeps its policy interest rate unchanged, aiming to monitor any decline in price pressure while remaining vigilant about potential fallout from a construction firm's debt woes.