The Bank of Korea's monetary policy committee has decided to keep its benchmark Base Rate unchanged at 2.75%, the South Korean central bank announced this week. This marks the third month in a row that it has done so.
The Bank did not comment on its action in the press release. Inflation in the country is low, opening the possibility for a rate cut. But Governor Kim Choon-soo was quoted by the Financial Times as saying last week that the bank was to "seek other ways to spur growth than monetary policies."
The article South Korea Central Bank Holds Main Rate Steady originally appeared on Fool.com.
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