South Korea keeps rate, seen on hold this year

The Bank of Korea held interest rates steady on Thursday, possibly matching the analysts’ consensus view that the cut in May was the last one for the year because South Korea is on a track to recovery.

The Bank of Korea’s monetary policy committee left its base rate unchanged at 2.50 per cent, a media official said without elaborating.

Seoul markets were little changed from earlier levels as the decision was widely expected.

via Business feed http://www.scmp.com/business/economy/article/1259684/south-korea-keeps-rate-seen-hold-year