S Korea holds key rate

The Myanmar Times - - Business | International -

SOUTH Korea has left its key in­ter­est rate un­changed at a record low, say­ing it ex­pected eco­nomic growth would be sus­tained but adding there were “un­cer­tain­ties” linked to a pos­si­ble US in­ter­est rate hike.

The Bank of Korea held the seven-day re­pur­chase rate at 1.25 per­cent for the third straight month in a widely ex­pected move as its pol­icy as­sesses the ef­fects of its June cut.

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