bok freezes key rate for ninth straight month
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Last Updated : GMT 05:17:37
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BOK freezes key rate for ninth straight month

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Emiratesvoice, emirates voice BOK freezes key rate for ninth straight month

Seoul - Yonhap

South Korea's central bank froze the key interest rate for the ninth consecutive month on Thursday amid caution against emerging market unrest sparked by the U.S. monetary stimulus cut. Bank of Korea (BOK) Gov. Kim Choong-soo and his six fellow policymakers held the benchmark seven-day repo rate, called the base rate, at 2.5 percent, as widely expected.

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