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Bank of Korea chief says decision to keep rates steady was not unanimous

2018-08-27T045948Z_1853518569_RC13F56DA3B0_RTRMADP_3_SOUTHKOREA-ECONOMY-RATES.JPG
Voting in the Bank of Korea's monetary policy board's decision to keep interest rates unchanged at 1.50 per cent in October was not unanimous, Governor Lee Ju Yeol told a news conference after the meeting on Thursday.

[SEOUL] Voting in the Bank of Korea's monetary policy board's decision to keep interest rates unchanged at 1.50 per cent in October was not unanimous, Governor Lee Ju Yeol told a news conference after the meeting on Thursday.

Lee Il Houng and Koh Seung Beom were two dissenters to Thursday's decision to hold the policy rate unchanged in a 5-2 vote, Mr Lee said.

The BOK held interest rates steady for a seventh straight month on Thursday, as it assessed new signs of softness in the economy and the potential fallout from global trade frictions.

REUTERS

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