Bank of Korea holds interest rates at 1.75%

GMT 03:26 2015 Saturday ,16 May

Arab Today, arab today Bank of Korea holds interest rates at 1.75%

Bank of Korea
Seoul - QNA

The Bank of Korea held interest rates steady at a record low for a second consecutive month on Friday, while upbeat remarks by Governor Lee Ju-yeol pared the chances of another rate cut soon - sending bond yields and the won higher.

The Bank of Korea's monetary policy committee kept the base rate at 1.75%.

The rate freeze was in line with market expectations as the central bank was forecast to see the effect of previous rate cuts amid improving economic indicators.

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