South Korea’s central bank on Thursday held its key rate steady for July to support the country’s growth.
|Lee Ju-yeol, the Governor for Bank of Korea (Yonhap)|
In a widely expected move, the monetary policy board of the Bank of Korea voted to keep the key rate at 1.25 percent, extending its wait-and-see approach for the 13th consecutive month.
In June last year, South Korea’s central bank made a surprise rate cut, citing a need to stimulate the lackluster economy amid a prolonged economic slowdown. (Yonhap)
Source : The Korea Herald