Economic Buzz: Bank of Korea keeps interest rates unchanged amid growth uncertainty

The Bank of Korea has kept its interest rate unchanged as uncertainty about future growth increased due to the changes in the US trade policies and the implementation of government stimulus measures, while the currency showed a high volatility over a short period of time. The monetary policy board, governed by Rhee Chang Yong, kept the Base Rate at 2.75%. The central bank policymakers noted that downside risks to growth increased due to the rapid shifts in the US trade policies and the response of major economies within a short period of time.

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