Economics
Bank of Korea Keeps Rate Unchanged as Lee Weighs Weak Yen
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South Korea’s central bank kept its key interest rate unchanged at a four-year low, as Governor Lee Ju Yeol weighs the effects of recent cuts in supporting growth that’s threatened by a weak yen.
The Bank of Korea held the seven-day repurchase rate at 2 percent, it said in a statement in Seoul today, after lowering it in August and October. Nineteen of 20 economists surveyed by Bloomberg forecast the decision, while one projected a cut.