South Korea holds rates as expected
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The logo of the Bank of Korea is seen in Seoul, South Korea, November 30, 2017. REUTERS/Kim Hong-Ji
SEOUL (Reuters) -South Korea's central bank kept policy interest rates unchanged as widely expected on Thursday as a tumbling won reduced the scope for further easing and policymakers waited to see how the government's steps to cool Seoul's property market play out.
The Bank of Korea's seven-member monetary policy board voted to keep its benchmark interest rate unchanged at 2.50%, an outcome expected by 32 of 36 economists polled by Reuters.
Governor Rhee Chang-yong will hold a press conference at 0210 GMT, which will be livestreamed via YouTube.
(Reporting by Cynthia Kim, Jihoon Lee; Editing by Sam Holmes)
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