South Korea Central Bank Holds Interest Rates for Fourth Month
South Korea's central bank held interest rates steady for a fourth straight month on Thursday, in line with with market expectations, as the world's biggest economies show signs of improvement and domestic inflation remains low.
The Bank of Korea's monetary policy committee held its base rate steady at 2.75 percent, a media official said without elaborating. Governor Kim Choong-soo is due to hold a news conference from 11:20 a.m.
Seventeen out of 21 analysts surveyed by Reuters forecast the Bank of Korea would hold rates steady on Thursday, with the remaining four predicting the central bank would cut rates. Ten analysts surveyed said the central bank will deliver a cut this year.