BOK keeps record low interest rate
The rate has been kept at that record low level since last May.
Last year, the monetary policy board of the Bank of Korea (BOK) lowered the base rate twice -- in March to 0.75 percent and in May to 0.5 percent -- as the coronavirus pandemic hurt the economy.
While low interest rates have led to surges in stock prices, as investors take advantage of abundant liquidity, the BOK warned last month it will pay attention to financial stability, especially fund flows to asset markets and growth in household debt.
BY KIM JEE-HEE [firstname.lastname@example.org]