BOK freezes key rate at 2.75% for December.

By bne IntelliNews December 14, 2012
South Korea's Bank of Korea (BOK) held the key interest rate at 2.75%, keeping the benchmark seven-day repo rate unchanged for the second consecutive month in December this year, since the economy started showing signs of recovering. As reported by Agence France Presse, the economy grew 0.1% in the third quarter of the year and is likely to miss the annual growth target of 2.4% for this year. The government disclosed two stimulus packages worth USD 1.22bn since June.

BOK freezes key rate at 2.75% for December.

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