South Korea’s central bank keeps rates unchanged, as expected

May 31, 2019

SEOUL (Reuters) – South Korea’s central bank kept interest rates unchanged for a fourth straight meeting on Friday, although pressure to ease monetary policy is growing as global trade pressures drag on the export-reliant economy.

The Bank of Korea’s Monetary Policy Board voted to hold the benchmark interest rate at 1.75%, as expected by 20 of 21 economists in a Reuters poll.

Governor Lee Ju-yeol is due to hold a news conference starting at 0220 GMT.

(Reporting by Cynthia Kim, Joori Roh; Editing by Sam Holmes)

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