Bank of Korea holds policy rate steady with inflation below goal
It's mindful of muted inflationary pressures and the won's strengthening
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Seoul
SOUTH Korea's central bank left its key interest rate unchanged on Thursday as inflation remains below target and the nation's currency trades near a multi-year high.
The decision to keep the seven-day repurchase rate at 1.5 per cent, in the next-to-last rate decision before governor Lee Ju-yeol's term ends in March, was forecast by all 17 analysts surveyed by Bloomberg. The economy is likely to grow at the 3 per cent level this year, with inflation in the upper 1 per cent range, the Bank of Korea (BOK) said in a statement.
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