Bank of Korea Holds Key Rate at 2.75%, Pledges Further Action
This article is for subscribers only.
The Bank of Korea unexpectedly left interest rates unchanged even after inflation breached the central bank’s 4 percent ceiling.
In a split decision, policy makers kept the seven-day repurchase rate at 2.75 percent. The outcome was forecast by three of 12 economists surveyed by Bloomberg News. The others expected a quarter-point boost.