Arab Today, arab today bok freezes key rate for 12th straight month in may
Last Updated : GMT 06:23:41
Arab Today, arab today
Arab Today, arab today

BOK freezes key rate for 12th straight month in May

Arab Today, arab today

Arab Today, arab today BOK freezes key rate for 12th straight month in May

Seoul - Yonhap

South Korea's central bank froze the key interest rate for the 12th straight month on Friday amid concerns that the deadly sinking of the passenger ferry Sewol is feared to weaken consumer spending. Bank of Korea (BOK) Gov. Lee Ju-yeol and his five fellow policymakers unanimously held the benchmark seven-day repo rate, called the base rate, at 2.5 percent as widely expected.

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