S.Korea freezes interest rates at 1.25%
Friday - January 13, 2017 8:33 am ,
Category : BUSINESS
Seoul : South Korea's central bank on Friday froze its benchmark interest rate at an all-time low of 1.25 per cent, a media report said.
The Bank of Korea (BOK) refrained from altering the seven-day repurchase rate for seven months in a row since it cut the rate by a quarter percentage point in June 2016m Xinhua news agency reported.
It was in line with market expectations. According to a Korea Financial Investment Association (KFIA) poll of 200 fixed-income experts, 100 per cent predicted the rate freeze in January.-Agency
The Bank of Korea (BOK) refrained from altering the seven-day repurchase rate for seven months in a row since it cut the rate by a quarter percentage point in June 2016m Xinhua news agency reported.
It was in line with market expectations. According to a Korea Financial Investment Association (KFIA) poll of 200 fixed-income experts, 100 per cent predicted the rate freeze in January.-Agency
