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Start your day with a roundup of key stories from The Korea Herald with news and comment on all that’s happening in Korea.

BOK holds key rate steady at 1.25% in July

By Paige Shin

Published : July 13, 2017 - 10:14

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South Korea's central bank on Thursday held its key rate steady for July to support the country's growth.

Lee Ju-yeol, the Governor for Bank of Korea (Yonhap)

In a widely expected move, the monetary policy board of the Bank of Korea voted to keep the key rate at 1.25 percent, extending its wait-and-see approach for the 13th consecutive month.

In June last year, South Korea's central bank made a surprise rate cut, citing a need to stimulate the lackluster economy amid a prolonged economic slowdown. (Yonhap)

BOK holds key rate steady at 1.25% in July

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