BOK will 'seriously' consider rate hike next month

Bank of Korea governor Park Seung said the central bank may raise its benchmark interest rate as early as next month as it needs to act before a full economic recovery.

"Due to several lingering uncertainties, we have decided not to move this time. But we will seriously discuss a rate adjustment next month," Park told reporters.

At today's monetary policy meeting, the central bank decided to leave the call rate target for September unchanged at 3.25 pct for the tenth consecutive month.

Park

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