Tag - Central bank leaves key interest rate unchanged

Central bank leaves key interest rate unchanged

South Korea’s central bank on Tuesday left the key interest rate unchanged at a record-low level, citing economic concerns at both home and abroad. In a widely expected decision, the Bank of Korea held the base rate steady at 1.5 percent for February for the eighth consecutive month. The bank has kept the rate unchanged since July last year after four rate cuts in less than a year. While warning against excessively pessimistic outlooks on the South Korean economy, BOK Gov. Lee [...]

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