Go to Contents Go to Navigation

BOK holds key rate steady at 1.25 pct in July

All News 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.


Send Feedback
How can we improve?
Thanks for your feedback!