BOK freezes rate on war-driven uncertainty

The Bank of Korea maintained its benchmark interest rate at 2.5 percent Friday, citing volatility in the Korean won and rising inflationary pressures linked to the Iran conflict. The Monetary Policy Board kept the key rate on hold in a unaminous decision, keeping the rate steady since July last year. "The risk of stagflation remains limited for now," BOK Gov. Rhee Chang-yong said at a press conference at the central bank in Seoul on Friday, adding that it remains difficult to assess how the situ

By The Korea Herald