Bank of Korea holds rates as growth risks rise, to sit tight for while

By Cynthia Kim and Hayoung Choi SEOUL (Reuters) - South Korea's central bank kept interest rates steady on Thursday, a widely expected decision as policymakers shift their focus to supporting an economy facing increasing pressure from falling exports and slowing global growth. The Bank of Korea's (BOK) monetary policy committee held its seven-day repurchase rate at 1.75 percent, in line with forecasts from 11 analysts surveyed in a Reuters poll. Markets largely shrugged off the widely expected decision, as investors focus on the high-stake nuclear summit between U.S

from Latest News Business on Firstpost https://ift.tt/2TgmqRm