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South Korea holds rates steady for 10th straight month

by ChemOrbis Editorial Team - content@chemorbis.com
  • 19/04/2016 (15:34)
According to media reports, the Bank of Korea (BOK) kept its key interest rates stable for a 10th straight month today. The BOK’s decision to hold rates unchanged for another month was in line with expectations, according to a survey by Reuters, while most analysts expect a rate cut in the upcoming months.

The BOK had cut its policy interest rate by 25 basis points to an all-time low of 1.5% in June 2015. South Korea’s policy rate is expected to close the year at 1.25%.
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