Skip to content
Subscriber Only

Bank of Korea Keeps Interest Rate on Hold After Growth Pick-Up

The Bank of Korea held its benchmark interest rate steady, as signs of stronger growth in the U.S. back its view that the economy will gather momentum.

Governor Kim Choong Soo and his board left the seven-day repurchase rate at 2.5 percent, the central bank said today in Seoul, in line with forecasts of all 16 economists surveyed by Bloomberg News.