The Korea Times
The Bank of Korea (BOK) kept its benchmark interest rate steady at 2.5 percent, Thursday, as lingering uncertainty in the Middle East prompted policymakers to take a cautious stance. In a widely expected decision, the central bank's Monetary Policy Board held the key rate steady at its latest policy meeting. The decision marked the eighth consecutive hold, despite growing expectations that the central bank could shift toward tighter policy later this year. The meeting marked Gov. Shin Hyun-song's first rate-setting session since he took office on April 21.
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