Bank of Korea holds key rate at 2.25% for September
Bank of Korea
Seoul - Yonhap
South Korea's central bank on Friday held the base rate at 2.25 percent in a widely expected move, a month after it cut the policy rate for the first time in 15 months under government pressure.
The decision is in line with a poll conducted by Yonhap Infomax, the financial news arm of Yonhap News Agency. All 16 analysts surveyed forecast the Bank of Korea (BOK) would freeze the key rate to assess the policy effects of ongoing stimulus measures.
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