South Korea keeps interest rates steady

The Central Bank of Korea has kept its benchmark policy rate unchanged at 3.5 percent The Central Bank of Korea has kept its benchmark policy rate unchanged since the beginning of the year at 3.5 percent. That’s in line with economists’ expectations; all 43 economists surveyed said they expected no change in the base rate. The South Korean won strengthened slightly against the dollar after the announcement, falling 0.1 percent to 1,325.11.