South Korea central bank holds rates, as expected
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FILE PHOTO: The logo of the Bank of Korea is seen in Seoul, South Korea, November 30, 2017. REUTERS/Kim Hong-Ji/File Photo
SEOUL, May 28 (Reuters) - The Bank of Korea kept its policy interest rate steady on Thursday, as it weighs geopolitical risks against a weakening won and resurgent inflation that point to higher rates ahead.
The seven-member monetary policy board at the central bank voted to keep its benchmark interest rate unchanged at 2.50%, as expected by 30 of 32 economists polled by Reuters. The two outliers forecast a rate rise.
Governor Shin Hyun Song will hold a press conference at 0210 GMT.
(Reporting by Cynthia Kim; Editing by Muralikumar Anantharaman)
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