Bank of Korea stands pat against political pressure

South Korea’s central bank surprised markets by holding interest rates steady on Thursday, resisting political pressure for a cut and opting to further assess the effects from the government’s stimulus steps and tensions with North Korea.

The Bank of Korea’s monetary policy committee kept its base rate steady at 2.75 per cent, a media official said without elabourating.

via Business feed http://www.scmp.com/business/economy/article/1212075/bank-korea-stands-pat-against-political-pressure