Yonhap News AgencyApril 10, 2014 01:17
By Kim Soo-yeon
SEOUL, April 10 (Yonhap) -- South Korea's central bank froze the key interest rate for the 11th straight month on Thursday amid tame inflation at the first rate-setting meeting with its new chief at the helm.
Bank of Korea (BOK) Gov. Lee Ju-yeol and his six fellow policymakers held the benchmark seven-day repo rate, called the base rate, at 2.5 percent as widely expected.
Gov. Lee, a former senior deputy governor at the BOK, replaced his predecessor Kim Choong-soo on April 1, vowing to operate the monetary policy in a consistent and predictable manner.