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S Korean central bank freezes key interest rate at 3.25pc

South Korea’s central bank said on Friday that it froze the benchmark interest rate at 3.25 percent for April, leaving the seven-day repo rate unchanged for 10 straight months.

The Bank of Korea (BOK)’s decision was in line with market consensus as experts predicted the rate freeze due to conflicting factors such as resurfacing downside risks to the economy and the remaining inflationary pressures.

(Source: Shanghai Daily)