Bank of Korea holds key rate to weigh Fed, domestic politics

Seoul

SOUTH Korea's central bank held the nation's benchmark interest rate unchanged as it monitors risks from parliament's vote to impeach President Park Geun-hye and the impact of the rate hike by the US Federal Reserve.

In a unanimous decision, the Bank of Korea kept the seven-day repurchase rate at a record low 1.25 per cent for a sixth month, as forecast by all 19 economists surveyed by Bloomberg.