Korea holds rates for ninth month

Bank of Korea, Seoul

The Bank of Korea announced on Thursday that it would keep its base rate unchanged at the all time low of 2% for the ninth straight month.

The central bank indicated its accommodative stance would be maintained for the foreseeable future in the interest of a sustainable economic recovery.

The central bank cited a "recovering trend" in domestic demand and production, and support from the exports sector as factors in its decision to hold rates. It also said that the expected asset-price bubble had

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