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S.Korea's central bank freezes interest rate at 1.75 pct

SEOUL
2019-05-31 09:43

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SEOUL, May 31 (Xinhua) -- South Korea's central bank left its policy rate unchanged Friday, keeping a wait-and-see stance since November last year on worry about economic slump.

Bank of Korea (BOK) Governor Lee Ju-yeol and six other policy board members decided to freeze the benchmark seven-day repurchase rate at 1.75 percent.

It was in line with market expectations. According to a Korea Financial Investment Association (KFIA) survey of 200 fixed-income experts, 97 percent predicted a rate on freeze.
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