The decision was made in a monthly meeting of the Bank of Korea’s (BOK) Monetary Policy Committee, which was presided over by BOK Governor Lee Ju-yeol.
The BOK kept the benchmark seven-day repo rate at 2.5 percent in a split vote. One of the seven committee members voted against the freeze.
In May last year, the central bank made the first rate cut, from 2.75 percent to 2.50 percent, in seven months to support the government’s stimulus plan.
reporter
Park Sae-jin
swatchsjp@ajunews.com
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