The Korea Herald

피터빈트

BOK freezes key interest rate in Sept.

By 김화균

Published : Sept. 9, 2016 - 10:38

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[THE INVESTOR] In a widely expected move, the Bank of Korea on Sept. 9 held its policy rate steady at 1.25 percent for September, extending its wait-and-see mode for three straight months.

In June, the central bank made a surprise rate cut, citing a need to support the economy.

The country’s exports posted the first on-year rise in 20 months in August on the back of brisk demand for chips and flat displays. Outbound shipments came to US$40.1 billion last month, up 2.6 percent from the same month last year, according to government data.

 
(theinvestor@heraldcorp.com)