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SEOUL, Aug. 31 (Xinhua) -- South Korea's central bank on Thursday froze its benchmark interest rate at a record low for the 14th consecutive month.
Bank of Korea (BOK) Governor Lee Ju-yeol and six other policy board members kept the seven-day repurchase rate on hold at 1.25 percent. The bank cut the rate to the current level in June last year.
It was in line with market expectations. According to a Korea Financial Investment Association (KFIA) survey of 100 fixed-income analysts, 99 percent predicted the rate freeze. Enditem
