KONTAN.CO.ID - SEOUL. South Korea's central bank kept interest rates unchanged on Thursday, matching market expectations and ending an uninterrupted one-year run of rises. The Bank of Korea's monetary policy board held its policy interest rate steady at 3.50%, in line with a unanimous expectation by the 42 economists in a Reuters poll. It said in a statement it would judge whether to raise the rate further after keeping its "restrictive policy stance" for a considerable period. The statement did not make clear whether this meant there would be no interest rate change at all for a considerable period.
Bank of Korea Pauses After 1-Year Run of Interest Rate Rises
KONTAN.CO.ID - SEOUL. South Korea's central bank kept interest rates unchanged on Thursday, matching market expectations and ending an uninterrupted one-year run of rises. The Bank of Korea's monetary policy board held its policy interest rate steady at 3.50%, in line with a unanimous expectation by the 42 economists in a Reuters poll. It said in a statement it would judge whether to raise the rate further after keeping its "restrictive policy stance" for a considerable period. The statement did not make clear whether this meant there would be no interest rate change at all for a considerable period.