India, May 23 -- The Bank of Korea maintained its benchmark rate unchanged again on Thursday and retained its hawkish stance toward future policy as it upgraded the economic growth outlook on improving global factors and the easing of sluggish domestic demand.
The Monetary Policy Board unanimously decided to hold the Base Rate at 3.50 percent. The rate has been kept unchanged for the eleventh consecutive session.
The board judged that it is appropriate to leave the interest rate unchanged at its current restrictive level and assess domestic and external policy conditions going forward.
The BoK upgraded its economic growth outlook for the year to 2.5 percent from 2.1 percent, citing the upward trend in the global IT market, the strong gro...