Bank of Korea holds rates as expected after back-to-back hikes
The logo of the Bank of Korea is seen on the top of its building in Seoul, South Korea, March 8, 2016. REUTERS/Kim Hong-Ji
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SEOUL, Oct 22 : The Bank of Korea left its benchmark interest rate unchanged at 3.00 per cent on Thursday, pausing after back-to-back quarter-point hikes in July and August.
The seven-member monetary policy board at the BOK voted to keep the seven-day repurchase rate at 3.00 per cent, a decision that was forecast by all 34 analysts surveyed by Reuters.
Governor Shin Hyun Song will hold a news conference at 0210 GMT.
Source: Reuters
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