January 17, 2020 / 12:59 AM / a month ago

Bank of Korea leaves policy rate unchanged at 1.25%, as expected

SEOUL, Jan 17 (Reuters) - South Korea’s central bank on Friday held the key interest rate steady, as widely expected, at its first policy meeting of the year on signs of economic recovery and easing global uncertainties.

The Bank of Korea’s Monetary Policy Board voted to hold the benchmark interest rate unchanged at 1.25%, a media department official said without elaborating.

The decision matched a prediction by 33 analysts surveyed by Reuters, although the poll showed on Wednesday that views were split on whether there will be further easing this year.

Governor Lee Ju-yeol is due to hold a news conference at 0220 GMT. (Reporting by Cynthia Kim and Joori Roh; Editing by Himani Sarkar)

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