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Published on Aug 10, 2016
8월 금통위, 기준금리 동결
The Bank of Korea has held its key interest rate steady at one-point-two-five percent.
It was a widely expected decision... as the Korean economy faces lingering uncertainties at home and abroad.
The Bank of Korea has held its key interest rate steady at one-point-two-five percent.
It was a widely expected decision... as the Korean economy faces lingering uncertainties at home and abroad.
Hwang Ji-hye has more.
Following its monthly monetary policy meeting on Thursday,... Korea's central bank took a wait-and-see approach in August.
It kept its key rate unchanged at one-and-a-quarter percent,... standing pat on the historic-low rate for the second straight month.
The central bank made a surprise move in June, lowering the key rate by a quarter-of-a-percentage point.
Market analysts had been expecting the BOK's decision this month... as the central bank wants to see whether the government's stimulus package helps bolster the economy that's in doldrums.
The measure originally laid out in June... includes an extra budget worth roughly ten billion U.S. dollars.
Uncertainties also linger over snowballing household debt,... while concerns are mounting that the government's corporate restructuring drive and anti-corruption law, due to come into force next month,... could hurt consumption towards the end of this year.
And conditions abroad are far from rosy.
The central bank has its hands full... with a possible rate hike on the cards in the U.S.... and Britain's decision to leave the European Union.
But facing growing calls for more easing, eyes are now focused on the central bank's next move.
The Korean economy grew in the zero-percent range for the third straight quarter in the April-to-June period from a quarter earlier,... fueling concerns Korea is stumbling into a low-growth rut.
Hwang Ji-hye, Arirang News.
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