Off the wire
• China treasury bond futures open mixed Thursday  • China Hushen 300 index futures open higher Thursday  • Chinese shares open higher Thursday  • Urgent: S.Korea freezes interest rate at 1.5 pct  • Market exchange rates in China -- Nov. 12  • Japan's core machinery orders book 1st rise in 4 months, up 7.7 pct. in Sept.  • China's growth could save Australia's commodity market: industry leader  • Tariff removals drive boom in New Zealand exports to China's Taiwan  • Chinese yuan weakens to 6.3628 against USD Thursday  • New Australian "shark camera" could help save lives after recent spate of attacks   
You are here: 　 Home

1st LD Writethru: S.Korea freezes interest rates at 1.5 percent for 5 months

Xinhua, November 12, 2015 Adjust font size:

Bank of Korea (BOK), South Korea's central bank, on Thursday froze interest rates at a record low of 1.5 percent for five straight months.

BOK Governor Lee Ju-Yeol and six other policy board members decided to keep the benchmark 7-day repurchase rate on hold at 1.5 percent, refraining from altering the rate since July.

The central bank cut its policy rate by 25 basis points in August and October last year each, before lowering it by a quarter percentage point further in March and June this year.

The November rate-freeze decision was in line with market consensus. According to a Korea Financial Investment Association survey of 111 fixed-income experts, 96.4 percent of respondents predicted the rate on hold. Enditem