India, April 17 -- The Bank of Korea kept its interest rate unchanged on Thursday as uncertainty about future growth increased due to the changes in the US trade policies and the implementation of government stimulus measures, while the currency showed a high volatility over a short period of time.
The monetary policy board, governed by Rhee Chang Yong, decided to maintain the Base Rate at 2.75 percent, as widely expected.
The bank had previously reduced the benchmark rate by a quarter-point in February.
".as the downside risks to growth have intensified, the Board will determine the pace and scale of any further Base Rate cuts after examining domestic and external conditions in our May forecast," the bank said.
Policymakers noted that ...