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BOK freezes key rate at new chief's first policy meeting

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 unanimously held the benchmark seven-day repo rate, called the base rate, at 2.5 percent as widely expected.

S. Korea closely watching currency market: finance ministry

SEJONG, April 10 (Yonhap) -- South Korea was closely watching the financial market, the finance ministry here said Thursday, adding that it was not "desirable" to see an excessive one-sided movement in currency exchange rates. "It is not desirable for market volatility to intensify due to a short-term one-sided movement in any direction," the ministry said in a message sent to reporters. "Therefore, we are closely monitoring foreign capital flows and transactions situations in the financial markets at home and abroad."

BOK freezes key rate at new chief's first policy meeting

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.

South Korea central bank keeps rates steady for eleventh month under new governor

SEOUL (Reuters) - South Korea's central bank, under new Governor Lee Ju-yeol, held interest rates steady on Thursday, as expected, while it evaluated low inflation at home and uncertainties abroad. The Bank of Korea's monetary policy committee held its base rate at 2.50 percent, a media official said without elaborating. Lee will hold his first news conference on policy from 11:20 a.m. (0220 GMT).

U.S. recovery 'reasonably well grounded': Fed's Tarullo

WASHINGTON (Reuters) - The U.S. economic recovery looks "reasonably well grounded" as it progresses, a top Federal Reserve official said on Wednesday, adding that easy monetary policies have helped it along. Fed Governor Daniel Tarullo, who rarely speaks out about policy, told a dinner forum that while the pace of the recovery from recession has been less than desired, the monetary stimulus has had "demonstrable" positive effects on rate-sensitive sectors such as housing and automobiles.

At least six months between end of QE and rate rise: Fed's Evans

By Jonathan Spicer WASHINGTON (Reuters) - The Federal Reserve will likely wait at least six months after ending a bond-buying program before raising interest rates, and will only act that quickly "if things really go well," a top U.S. central banker said on Wednesday. "It could be six, it could be 16 months," Chicago Fed President Charles Evans told reporters on the sidelines of a Levy Economics Institute forum.

BOK freezes key rate at new chief's first policy meeting

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 an economic recovery 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.

Lew urges Japan to ready for possible lull after tax hike

U.S. Treasury Secretary Jack Lew urged Japan on Wednesday to take measures such as a fresh stimulus package if signs of an economic slowdown emerge as a result of the recent consumption tax hike. "The value-added tax is something that obviously has the potential to slow the economy," Lew said in an interview with CNBC television, mentioning Japan's tax rate increase to 8 percent from 5 percent, which began April 1.

Lew urges Japan to ready for possible lull after tax hike

U.S. Treasury Secretary Jack Lew urged Japan on Wednesday to take measures such as a fresh stimulus package if signs of an economic slowdown emerge as a result of the recent consumption tax hike. "The value-added tax is something that obviously has the potential to slow the economy," Lew said in an interview with CNBC television, mentioning Japan's tax rate increase to 8 percent from 5 percent, which began April 1.

Fed's Evans sees longer-term U.S. growth of up to 2.5 percent

WASHINGTON (Reuters) - The U.S. economy can probably sustainably grow at just under 2.5 percent, and as low as 2 percent, over the longer term, a top Federal Reserve official said on Wednesday. Chicago Fed President Charles Evans also dismissed the notion that the United States has slipped into a lower-growth slump in the wake of the recession, called a "secular stagnation." (Reporting by Jonathan Spicer; Editing by James Dalgleish)
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