Investing.com - The Bank of Korea, South Korea's central bank, on Thursday kept its benchmark interest rate steady at 2.50% as expected for a sixth straight month on caution over the pace of economic recovery.
South Korea's exports jumped by a better-than-expected 7.3% in October and in the same month the central bank maintained its July forecast for 2013 economic growth of 2.8%, but lowered its 2014 outlook to 3.8% from 4.0%, citing low global growth.
The central bank will follow the rate decision with a news conference with Governor Kim Choong-soo at 0220 GMT.
South Korea's exports jumped by a better-than-expected 7.3% in October and in the same month the central bank maintained its July forecast for 2013 economic growth of 2.8%, but lowered its 2014 outlook to 3.8% from 4.0%, citing low global growth.
The central bank will follow the rate decision with a news conference with Governor Kim Choong-soo at 0220 GMT.