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MNI BRIEF: BOK Holds Policy Rate At 3.50% - Press

(MNI) Tokyo
(MNI) TOKYO

The Bank of Korea on Friday decided to keep its policy interest rate unchanged at 3.50% amid persistent concern over stubborn inflation, for the 10th straight meeting, Wowkorea reported.

The decision was widely expected as the nation’s inflation rate remains high. (See MNI BOK WATCH: Board To Consider Hold At 3.5%, Inflation In Focus)

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The Bank of Korea on Friday decided to keep its policy interest rate unchanged at 3.50% amid persistent concern over stubborn inflation, for the 10th straight meeting, Wowkorea reported.

The decision was widely expected as the nation’s inflation rate remains high. (See MNI BOK WATCH: Board To Consider Hold At 3.5%, Inflation In Focus)

Keep reading...Show less