BoK Maintains Base Rate At 2.5%
News: On March 13 2014, the Bank of Korea (BoK) maintained its base rate at 2.5% for the 10th month in a row to mitigate offshore risks and a sluggish domestic economic recovery amidst low inflationary pressures. The move is in line with expectations of all 24 analysts surveyed in a Reuters' poll. The majority of the analysts also expect the BoK to hike interest rates in the next policy move. Investors will now focus on confirmation hearings for Lee Ju-yeol, the nominee who will succeed BoK Governor Kim Choong-soo, for indications on the BoK's policy outlook.