South Korea keeps interest rates at record low

Seoul, Dec 10 (IANS) South Korea’s central bank on Thursday froze the benchmark interest rate at a record low of 1.5 percent, keeping a wait-and-see stance for six straight months.

Bank of Korea (BOK) Governor Lee Ju-yeol and six other policy board members decided to keep the benchmark seven-day re-purchase rate on hold at 1.5 percent, Xinhua news agency reported.

The bank lowered the rate by a quarter percentage point in March and June each to an all-time low.

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