BOK holds key rate steady at 1.25 pct in July
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09:58 July 13, 2017
SEOUL, July 13 (Yonhap) -- South Korea's central bank on Thursday held its key rate steady for July to support the country's growth.
In a widely expected move, the monetary policy board of the Bank of Korea (BOK) voted to keep the key rate at 1.25 percent, extending its wait-and-see approach for the 13th consecutive month.
In June last year, South Korea's central bank made a surprise rate cut, citing a need to stimulate the lackluster economy amid a prolonged economic slowdown.
entropy@yna.co.kr
(END)
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