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Bank of Korea keeps benchmark interest rate steady at 0.5% amid 4th wave of pandemic Updated: 2021-07-15 07:25:54 KST

South Korea's central bank has kept its benchmark interest rate unchanged at a record low of point-five percent.
The decision was made during the Bank of Korea's monetary policy meeting on Thursday morning.
The rate freeze likely comes as the bank aims to offset looming economic uncertainties from the fourth wave of the pandemic.
The Bank of Korea cut its key interest rate to point-seven-five percent in March last year and lowered it once more to a record-low point-five percent in May last year.
Since then, the rate has been left untouched for over a year.
KOGL : Korea Open Government License
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