SEOUL, April 10 (Reuters) – South Korea’s central bank kept its policy interest rate steady on Friday, maintaining a cautious stance as the conflict in Iran threatens to heat up domestic inflation and weigh on growth in a nation heavily dependent on Middle Eastern energy.
The Bank of Korea’s seven-member monetary policy board voted to keep the benchmark interest rate unchanged at 2.50%, a move anticipated by all 31 economists polled by Reuters.
Governor Rhee Chang-yong will hold a press conference at 0210 GMT, which will be livestreamed via YouTube.
(Reporting by Cynthia Kim and Jihoon Lee; Editing by Sam Holmes and Clarence Fernandez)
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