BoK Minutes: Members Unanimously Voted To Retain Key Interest Rate

Sponsored Links

All seven members of Bank of Korea's Monetary Policy Committee voted to hold its key interest rate at 2% on June 11, the minutes of the meeting showed Tuesday. The central bank maintained the Base Rate at a record low for a fourth consecutive month in June.

One board member said the central bank should study about the exit strategy and appropriate timing to end its accommodative policy. Central bank's attention was sought also on asset prices.

The central bank forecast the economy to contract 1.6% in 2009 compared with its earlier estimate of 2.4% decline.

All seven members of Bank of Korea's Monetary Policy Committee voted to hold the interest rate at 2% on June 11, the minutes of the meeting showed on Tuesday. (Market News Provided by RTTNews)