BoK holds rate as inflation and won wobble


The central bank kept its seven-day repurchase rate unchanged at 2.75%. — Bloomberg

SEOUL: The Bank of Korea (BoK) is holding its benchmark interest rate steady to foster stability after consumer inflation unexpectedly picking up and the won weakening to a 16-year-low as Donald Trump’s tariff campaign rattles markets and clouds the growth outlook.

The central bank kept its seven-day repurchase rate unchanged at 2.75% on Thursday.

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