India, April 12 -- The Bank of Korea decided to hold the benchmark rate unchanged at its current restrictive level for the tenth straight session on Friday, as policymakers see higher uncertainty regarding the inflation outlook.
The Monetary Policy Board, led by Governor Rhee Chang-yong, unanimously decided to maintain the key base rate at 3.50 percent.
At 3.1 percent, the consumer price inflation remained above the 2 percent target in March and also short-term inflation expectations increased to 3.2 percent.
".it is premature to be confident that inflation will converge on the target level, as there is a high degree of uncertainty associated with the outlook for consumer price inflation," the central bank said.
Policymakers expect core...