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BOK holds policy rate unchanged at 1.5 pct for July

2018/07/12 09:51

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SEOUL, July 12 (Yonhap) -- South Korea's central bank on Thursday froze its key rate for July as the economy shows some signs of a slowdown and inflation pressure remains still low.

The monetary policy board of the Bank of Korea (BOK) voted to keep the policy rate unchanged at 1.5 percent as widely expected, extending its wait-and-see stance to eight months.

In November last year, South Korea's central bank adjusted up the key rate for the first time in more than six years, citing economic recovery.