SEOUL, April 13 (Xinhua) -- South Korea's central bank on Thursday froze its benchmark interest rate at an all-time low of 1.25 percent despite positive signals from the export-driven economy.
Bank of Korea (BOK) Governor Lee Ju-yeol and six other policy board members refrained from altering the seven-day repurchase rate, which has been on hold at the current level since June last year.
It was in line with market expectations. According to a Korea Financial Investment Association survey of 200 fixed-income experts, 99 percent had predicted this month's rate freeze.
