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THE INVESTOR] Korea’s central bank on Aug. 31 kept its key rate unchanged for August.
In a widely expected move, the monetary policy board of the Bank of Korea voted to hold the key rate steady at 1.25 percent, extending its wait-and-see approach for the 14th consecutive month.
In June last year, the central bank made a surprise rate cut, citing a need to stimulate the lackluster economy amid a prolonged economic slowdown.
By Alex Lee and newswires (
alexlee@heraldcorp.com)