Bank of Korea maintains benchmark interest rate at 3.00 percent
The Bank of Korea kept its benchmark seven-day repurchase rate at 3.00 percent during a monetary policy meeting. A seven-member monetary policy board voted to freeze the rate, marking a pause after the central bank raised it in July and August.
South Korean shares fell by nearly 3 percent following the announcement. Reuters surveyed 34 analysts to forecast the outcome of the rate decision.
Governor Shin Hyun Song will hold a news conference at 0210 GMT to discuss the move.
































