South Korea keeps key rate unchanged at 4.5%

The central bank of South Korea today decided to keep its key interest rate steady for the tenth month in succession, in an effort to boost economic recovery.

The Monetary Policy Committee of the central bank agreed to maintain the call rate target, the uncollateralised overnight rate, at its current level of 4.5%.

Lee Seong-tae, the governor of the central bank, told a press conference after the rate-setting meeting that the nation's economy remains "on an upward path both in terms of exports

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: