Bank of Korea Holds Rates as Government Eyes Stimulus Steps
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The Bank of Korea left the benchmark interest rate unchanged as a new government considers more fiscal support for Asia’s fourth-largest economy.
Governor Kim Choong Soo and his board held the seven-day repurchase rate at 2.75 percent after a 25 basis-point cut in October, the central bank said in a statement in Seoul today. Twelve of 16 economists surveyed by Bloomberg News predicted the decision while the rest forecast a reduction.