BOK holds key rate steady at 1.25 pct in July

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
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