Bank of Korea Holds Rate, Flags Risk From Corporate Overhaul

  • Decision to keep interest rate at record-low was unanimous
  • Friday meeting was first rate decision for four new members

Nomura: BOK Will Cut Interest Rates in July

South Korea’s central bank held the benchmark interest rate unchanged for an 11th consecutive month as a newly composed board opted to monitor economic data and the progress of corporate restructuring before changing policy.

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