Bank of Korea holds rates after year of non-stop hikes By Reuters

SEOUL (Reuters) – South Korea’s central bank kept interest rates unchanged on Thursday, matching market expectations and ending an uninterrupted run of hikes for a year.

The Bank of Korea’s monetary policy board held its policy interest rate steady at 3.50%, in line with a unanimous call by the 42 economists in a Reuters poll.

Governor Rhee Chang-yong is due to hold a news conference soon.

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