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S.Korea freezes interest rates at record low of 1.25 pct

Xinhua, April 13, 2017 Adjust font size:

South Korea's central bank on Thursday froze its benchmark interest rate at an all-time low of 1.25 percent despite positive signals from the export-driven economy.

Bank of Korea (BOK) Governor Lee Ju-yeol and six other policy board members refrained from altering the seven-day repurchase rate, which has been on hold at the current level since June last year.

It was in line with market expectations. According to a Korea Financial Investment Association survey of 200 fixed-income experts, 99 percent had predicted this month's rate freeze. Endit