Bank of Korea Holds Key Rate at Record Low Before Fed Meets

  • Better-than-expected third-quarter growth reduced pressure
  • Oil price drop adds downside risk to 2016 Inflation outlook

The Bank of Korea left its benchmark rate unchanged for a sixth consecutive month Thursday as board members opted to wait for the Federal Reserve’s anticipated rate increase and assess its effects on the global economy and markets.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.