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Bank of Korea keeps benchmark interest rate steady at 0.5%
Updated: 2020-07-16 08:18:30 KST
This just coming in, South Korea's central bank has kept its benchmark interest rate steady at zero.5 percent.
The decision was made during the Bank of Korea's monetary policy meeting on Thursday, as it looks to nurse the economy through the COVID-19 pandemic, as well as avoid a further rate cut that could overheat the real estate market.
The rate freeze comes a little less than two months after the bank slashed its key interest rate to the historic low of zero.5 percent in late May.
We'll have more details during our next newscast at noon, Korea time.
Reporter : jhee@arirang.com