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