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Bank of Korea to keep benchmark interest rate unchanged for three consecutive months _ Yahoo Finance

SEOUL, Oct. 14 Xinhua South Korean central bank - the Bank of Korea Monetary Policy Committee held 14 regular meeting,[link widoczny dla zalogowanych], announced that it will remain at the current benchmark interest rate unchanged 2.25%. This is the central bank to keep rates unchanged for three consecutive months. South Korea Monetary Policy Committee said the United States, Europe and Japan and other countries all have to maintain or cut interest rates to stimulate the economy,[link widoczny dla zalogowanych], while countries in conflict due to high exchange rate, foreign economic unrest still exist,[link widoczny dla zalogowanych], this made the Bank of Korea to keep the benchmark interest rates change the decision. By the financial crisis, since August 2008, the South Korean central bank benchmark interest rate gradually decreased from 5.25% to 2% of the historic low, and was maintained for 16 consecutive months, the benchmark interest rate unchanged. Forced to inflationary pressures,[link widoczny dla zalogowanych], the Bank of Korea for the first time this year in July raised its benchmark interest rate by 0.25 percentage point to 2.25%, but a succession of three months after the benchmark interest rate frozen at that level. Bank of Korea's decision to keep benchmark interest rates unchanged was a multi-question. Some analysts have pointed out that the Bank of Korea Governor Jin Zhongxiu to freeze interest rates in August after he repeatedly stressed the need to stabilize prices and restore the normalization of interest rates, therefore, the central bank kept the benchmark interest rates this month to make the decision to raise interest rates may miss the opportunity.

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