SEOUL (Reuters) – South Korea’s central bank kept interest rates unchanged for a 13th straight meeting on Thursday, as policymakers prioritised the need to keep stubborn inflation in check even as the case for rate cuts later this year grows.
The Bank of Korea held its benchmark interest rate at 3.50% at its monetary policy review, as expected by 38 out of 40 economists surveyed by Reuters.
Governor Rhee Chang-yong holds a news conference at around 0210 GMT.
(Reporting by Cynthia Kim, Jihoon Lee; Editing by Sam Holmes)
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