BOK Keeps Rates on Hold

South Korea’s central bank kept interest rates untouched on Thursday, as forecast, as the bank widely expected to pause before easing again in a follow-up to its March rate cut.

The Bank of Korea’s monetary policy committee held its base rate steady at 1.75 percent, a media official said without elaborating. Governor Lee Ju-yeol is due to hold a news conference from 11:20 a.m. (03:20 a.m. BST).

Thirty-two out of 34 analysts polled by Reuters ahead of the decision forecast the Bank of Korea would hold interest rates on Thursday: The bank is known to make successive moves only in times of economic crisis.