Governor Lee Ju-yeol (pic) also reiterated the central bank would purchase about five trillion won (US$4.37bil) worth of treasury bonds until the end of 2020 to soak up the record 167 trillion won debt sales planned for this year.
SEOUL: South Korea’s central bank kept its policy rate steady yesterday, noting housing prices continued to rise, but reiterated an accommodative monetary stance as it kept a downbeat outlook for the coronavirus-hit economy.
The Bank of Korea (BoK) kept the base rate steady at a historic low of 0.5%, as expected by all 34 economists in a Reuters poll.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
