S. Korea freezes policy rate at record low of 0.50 pct
South Korea's central bank froze its policy rate on Thursday at a record low for the sixth consecutive month.
Bank of Korea (BOK) Governor Lee Ju-yeol and six other monetary policy board members decided to leave the key seven-day repurchase rate changed at an all-time low of 0.50 percent.
The BOK cut its target rate by 25 basis points to the record-low level in May, after slashing it by 50 basis points in March to tackle an economic fallout from the COVID-19 outbreak.
(Editor:Liao Yifan)