Bank of Korea (BOK) Governor Lee Ju-yeol and other monetary policy board members decided to leave its seven-day repurchase rate on hold at an all-time low of 0.50 percent.
The central bank cut the benchmark rate by 25 basis points in May to the current level, after slashing it by 50 basis points in March.
The rate-freeze decision was in line with market expectations. According to a Korea Financial Investment Association (KFIA) survey of 100 fixed-income experts, 99 percent predicted the rate freeze.
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