Korea holds rates at highest level for six years

The Bank of Korea's rate-setting board decided to leave its benchmark rate at a six-year high of 5% on Thursday.

The rate hold was the second in as many months following the quarter point hikes in July and August.

The central bank said the domestic economy will continue to grow, buoyed by export figures and a rise in private consumption. The latest consumer sentiment index, which was also published on Thursday, revealed a four point climb in household confidence. But business confidence was p