South Korea's central bank held its key policy rate steady at a record low of 1.25 percent on Thursday, as authorities sit tight in the face of a political crisis at home and the U.S. Federal Reserve's signal to raise rates at a faster-than-expected pace.
The Bank of Korea's monetary policy committee held its base rate steady, a media official said, just hours after the Fed raised rates for the first time this year and sent global investors scrambling to adjust positions with its hawkish stance.
All 20 analysts surveyed in a Reuters poll before the decision had correctly forecast the BOK's on-hold decision. A majority of the analysts predicted no change for some time.
Thursday's decision comes as South Korean policymakers grapple with a political scandal that has embroiled President Park Geun-hye and raised fresh risks for Asia's fourth-biggest economy.
Park looks set to lose her job after lawmakers overwhelmingly voted to impeach her last week over an influence-peddling scandal. The Constitutional Court has to decide within 180 days whether to uphold the vote.