South Korea holds rates as expected
The logo of the Bank of Korea is seen in Seoul, South Korea, November 30, 2017. REUTERS/Kim Hong-Ji
SEOUL :South Korea's central bank kept policy interest rates unchanged as widely expected on Thursday as a tumbling won reduced the scope for further easing and policymakers waited to see how the government's steps to cool Seoul's property market play out.
The Bank of Korea's seven-member monetary policy board voted to keep its benchmark interest rate unchanged at 2.50 per cent, an outcome expected by 32 of 36 economists polled by Reuters.
Governor Rhee Chang-yong will hold a press conference at 0210 GMT, which will be livestreamed via YouTube.
Source: Reuters
