BOK freezes key rate at 1.5% for May
BOK freezes key rate at 1.5% for May
Seoul - QNA
The Bank of Korea(BOK) has frozen the nation’s key interest rate at one-point-five percent for the eleventh consecutive month.
In its monthly monetary policy meeting on Friday, the BOK decided to keep the record-low rate steady for May. The BOK lowered the rate four times between August 2014 and June last year by a total of one percentage point but left it unchanged ever since.
Source: QNA
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