South Korea CB Holds Rate at 2.50 Percent

The monetary policy committee of the South Korean central bank held its policy interest rate steady in a unanimous vote on Thursday, the head of the Bank of Korea said.

Governor Kim Choong-soo also told reporters the central bank maintained its 2014 economic growth forecast at 3.8 percent while slightly lowering the inflation projection to 2.3 percent from 2.5 percent seen in October last year.

The seven-member committee kept the policy interest rate unchanged at 2.50 percent for an eighth consecutive month, matching the market’s consensus view.

via South Korea central bank held rates in unanimous vote: Governor

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