South Korea central bank holds rates

South Korea’s central bank held interest rates steady for a fifth straight month on Thursday, a move that was broadly expected as it evaluates economic conditions overseas and heightened tensions with North Korea.

The Bank of Korea’s monetary policy committee held its base rate steady at 2.75 per cent, a media official said without elaborating. However, local bonds turned lower following the rate decision as some investors unwound bets for a cut. Lead March futures on three-year treasury bonds were down 0.04 points at 106.66 after trading as high as 106.80 earlier in the day.

via Business feed http://www.scmp.com/business/economy/article/1190480/south-korea-central-bank-holds-rates