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Bank of Korea leaves rates at record low, as expected
August 31, 2017 / 1:17 AM / 21 days ago

Bank of Korea leaves rates at record low, as expected

SEOUL (Reuters) - South Korea’s central bank held the key interest rate steady on Thursday, as expected, as it assesses the effect of government measures to curb a frenzied housing market and evaluates geopolitical risks.

A Bank of Korea media official did not elaborate on the monetary policy committee’s decision to keep the base rate steady at record-low 1.25 percent. Governor Lee Ju-yeol is due to hold a news conference from 11:20 a.m. (0220 GMT).

All 19 analysts in a Reuters poll forecast the central bank would hold rates this week but most see the bank tightening policy sometime next year.

Reporting by Dahee Kim and Choonsik Yoo; Editing by Eric Meijer

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