South Korea's central bank froze its benchmark interest rate at 1.75 percent on Thursday, after hiking it to the current level in November last year.
Bank of Korea (BOK) Governor Lee Ju-yeol and six other monetary policy board members decided to leave the main seven-day repurchase rate on hold at 1.75 percent. The rate was raised to the current level two months earlier.
It was in line with market expectations. According to a Korean Financial Investment Association survey of 200 fixed-income experts, 99 percent predicted a rate freeze this month.
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