BOK holds rates, sees signs of recovery

The central Bank of Korea kept its key interest rate unchanged at a record low 3.25 percent on Tuesday 15 February, citing accelerating inflation amid signs of a much-awaited economic recovery.

Central bank Governor Park Seung said that last month further cuts in the overnight call rate, which is the interest financial institutions charge one another for immediately available loans, may fan inflationary pressures and hinder a budding economic recovery.

Inflation rose during January at the fas

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: