S. Korea interest rate unchanged
SEOUL, May 13 (UPI) -- South Korea's bicentric slope Friday left its criterion seven-day repo interest evaluate unchanged at 3 proportionality despite inflationary pressures.
It was the second straightforward month the Bank of Korea had taken much action.
Yonhap News authority reportable the selection by slope Gov. Kim Choong-soo and his policymakers was a surprise, as only three out of 17 experts in its survey had anticipated the move.
"Consumer prices are likely to uphold their strong ascending trend, due mainly to demand-side pressures and high lubricator prices," the slope said, adding the Asiatic economy is on a solidified growth track.
However, it said unstable lubricator prices and the Euro regularize debt problems bear downside risks.
Korean consumer prices rose 4.2 proportionality in April year-on-year, but eased from 4.7 proportionality in March. The bicentric slope wants to ready the evaluate below 4 percent.
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