Korea: Central Bank stays put
April 13, 2012
At its 13 April monetary policy meeting, the Bank of Korea (BoK) kept the Base Rate unchanged at 3.25% in a decision that was in line with market expectations. Monetary officials have remained on hold for 10 consecutive months now, after last tightening the reins in June 2011. At the current level the policy rate sits at its highest level since November 2008.