SEOUL, May 31 (Xinhua) -- South Korea's central bank left its policy rate unchanged Friday, keeping a wait-and-see stance since November last year on worry about economic slump.
Bank of Korea (BOK) Governor Lee Ju-yeol and six other policy board members decided to freeze the benchmark seven-day repurchase rate at 1.75 percent.
It was in line with market expectations. According to a Korea Financial Investment Association (KFIA) survey of 200 fixed-income experts, 97 percent predicted a rate on freeze.