India, Aug. 28 -- The Bank of Korea left its interest rate unchanged on Thursday as economic growth improved moderately despite high uncertainty surrounding the outlook.
The Monetary Policy Board decided to hold the Base Rate at 2.50 percent.
The central bank had previously lowered the benchmark rate by a quarter-point each in May and February.
Policymakers cautioned that development in housing prices in Seoul and its surrounding areas and in household debt need to be monitored as expectations for rising prices remain high.
The bank expects inflation to remain at around 2 percent due to subdued demand-side pressure and due to the stabilization of global oil prices. The bank lifted its inflation forecast for this year to 2 percent from 1...