News
South Korea central bank keeps rates steady, as expected
SEOUL : South Korea’s central bank left interest rates at a 15-year high on Friday as stubborn inflation and strong exports growth gave policymakers reason to hold off easing policy.
The Bank of Korea (BOK) held its benchmark rate at 3.50 per cent at a policy review in Seoul, keeping it unchanged for a 10th straight meeting as expected by all 39 analysts polled by Reuters.
Governor Rhee Chang-yong holds a news conference at around 0210 GMT, which will be livestreamed via YouTube.