BOK to maintain accommodative policy stance

Following the Bank of Korea’s (BOK) status-quo on the interest rates, the South Korean central bank is out with the key highlights from its monetary policy statement.

Growth forecast to be in line with Jan. Projection.

CPI will fluctuate at below 1% level for some time.

CPI then to run at mid-1% level from H2.

To maintain accommodative policy stance.

Earlier today, the BOK left the key interest rate unchanged at 1.75%, as widely expected.