 S.Korean central bank holds key rate for April
(Xinhua)
Updated: 2008-04-10 09:53
SEOUL - South Korea's central bank on Thursday decided to keep its key interest rate unchanged for April amid worries about inflation and an economy slowdown.
Lee Seong-tae, governor of the central bank, announced that the target for the seven-day repurchase agreement rate is 5 percent.
The BOK began to adopt the 7-day repurchase agreement rate as its new benchmark rate in March to replace the 9-year-old system targeting the call rate charged on overnight inter-bank loans.
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