BOK keeps key rate unchanged for 6th consecutive meeting amid growth resilience

South Korea's central bank kept its benchmark interest rate steady Thursday, citing stronger-than-expected growth momentum, as it sought to safeguard financial stability amid a weak local currency and an unstable housing market. In a widely expected decision, the Monetary Policy Board of the Bank of Korea held the key rate unchanged at 2.5 percent in its latest rate-setting meeting in Seoul. It marked the sixth consecutive on-hold decision, even as the central bank remains in an easing cycle. Si

By The Korea Herald