BOK again holds key rate steady amid weak won, hints at prolonged pause

Mihai Prelipcean

South Korea's central bank again left its benchmark interest rate unchanged Thursday as a weakened won and rising inflation concerns limited room for further easing. In a widely expected decision, the Monetary Policy Board of the Bank of Korea (BOK) held the key rate at 2.5 percent at its rate-setting meeting in Seoul, marking the fifth consecutive on-hold decision since July. "Inflation is expected to gradually decline, though the elevated exchange rate remains a source of upside risk.

Tag-uri: Inflatie