S.Korea keeps rates unchanged, flags policy caution

S.Korea keeps rates unchanged, flags policy caution

SEOUL (Jan 18): South Korea's central bank kept interest rates unchanged on Thursday, as expected, and upgraded its 2018 growth forecast but flagged concerns about economic uncertainties and soft inflation, which remain hurdles to policy tightening this year.

The Bank of Korea's monetary policy board voted to keep the benchmark interest rate at 1.50% at what was the second to last rate-setting meeting for Governor Lee Ju-yeol before his term ends in March.

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