Bank of Korea holds rates at 1.5%


South Korea’s central bank kept interest rates on hold for a sixth consecutive month on Thursday, as expected by economists.

The Bank of Korea held its benchmark seven-day repurchase rate at 1.5 per cent, as forecast by 13 analysts polled by Reuters.

The bank raised interest rates for the first time in more than six years in November.

“With inflation still subdued and the currency holding up reasonably well despite the recent sell-off in EM assets, there is no urgency for the central bank to hike rates just yet,” Krystal Tan, Asia Economist for Capital Economics, said ahead of the announcement.

Copyright
The Financial Times Limited 2018. All rights reserved.


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Bank of Korea holds rates at 1.5%

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