Thursday 12 December 2013

S. Korea holds policy rate at 2.5%

South Korea's central bank keeps its policy rate at 2.5 percent on Thursday, as expected.
The central bank governor Kim Choong-soo and other policy board members unanimously decided to hold the rate steady, for a seventh straight month.
The Bank of Korea is watching out for risks from tapering of U.S stimulus, and uncertainties over the U.S fiscal situation.
The governor says the domestic economy is gradually recovering, price pressures remain low but may rise mildly going forward. Many analysts expect the rate to stay until late 2014.
Source:CCTV

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