SouthKorea holds rate for fourth month

South Korea’s central bank held interest rates steady for a fourth straight month on Thursday, in line with market expectations, as the world’s biggest economies show signs of improvement and domestic inflation remains low.

A survey conducted by Reuters prior to the rate decision had 17 analysts out of 21 forecast the Bank of Korea would keep the base rate unchanged at 2.75 per cent, although they were divided on what the central bank will do next.

via Business feed http://www.scmp.com/business/economy/article/1149950/southkorea-holds-rate-fourth-month