[Yonhap Photo]
South Korea's central bank on Thursday kept its key rate unchanged for August to support the country's growth.
In a widely expected move, the monetary policy board of the Bank of Korea (BOK) voted to hold the key rate steady at 1.25 percent, extending its wait-and-see approach for the 14th consecutive month.
In June last year, South Korea's central bank made a surprise rate cut, citing a need to stimulate the lackluster economy amid a prolonged economic slowdown.
Yonhap News
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