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MNI BRIEF: Bank of Korea Keeps Policy Rate At 3.50% - Press

(MNI) Tokyo
(MNI) TOKYO

The Bank of Korea on Thursday decided to keep its policy interest rate unchanged at 3.50% amid persistent concern over the weaker economy, despite the still strong headline inflation rate, for the seventh consecutive meeting, Wowkorea reported.

The decision was widely expected as the bank focuses on its economic outlook based on weak exports and private consumption.

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The Bank of Korea on Thursday decided to keep its policy interest rate unchanged at 3.50% amid persistent concern over the weaker economy, despite the still strong headline inflation rate, for the seventh consecutive meeting, Wowkorea reported.

The decision was widely expected as the bank focuses on its economic outlook based on weak exports and private consumption.

Keep reading...Show less