AFP, Seoul :
Scandal-hit South Korea kept its key interest rate unchanged Friday at a record low amid uncertainty over political changes in the United States and South Korea.
The central Bank of Korea (BOK) held the seven-day repurchase rate at 1.25 percent for the fifth straight month after Donald Trump’s victory in the US presidential election sent jitters around the globe.
President Park Geun-Hye’s government is meanwhile struggling to contain the fallout from a crippling influence-peddlling scandal involving one of her confidantes.
The Bank of Korea made a surprise rate cut in June, citing the need to support the sluggish economy.
South Korea’s exports, the mainstay of Asia’s fourth largest economy, fell for the second straight month in October due mainly to a slump in cars and mobile device shipments.
Exports came to US$41.9 billion last month, down 3.2 percent from $43.4 billion the same month last year, according to government data.
Scandal-hit South Korea kept its key interest rate unchanged Friday at a record low amid uncertainty over political changes in the United States and South Korea.
The central Bank of Korea (BOK) held the seven-day repurchase rate at 1.25 percent for the fifth straight month after Donald Trump’s victory in the US presidential election sent jitters around the globe.
President Park Geun-Hye’s government is meanwhile struggling to contain the fallout from a crippling influence-peddlling scandal involving one of her confidantes.
The Bank of Korea made a surprise rate cut in June, citing the need to support the sluggish economy.
South Korea’s exports, the mainstay of Asia’s fourth largest economy, fell for the second straight month in October due mainly to a slump in cars and mobile device shipments.
Exports came to US$41.9 billion last month, down 3.2 percent from $43.4 billion the same month last year, according to government data.
