SEOUL -- South Korea's central bank decided to keep the policy rate unchanged at 1.5% Thursday, apparently balking at the prospect of a depreciated won triggering an exodus of funds by overseas investors.
"Capital flow [by foreigners] is one of the most important factors that policymakers must take into account when deciding [on the] interest rate," Bank of Korea Gov. Lee Ju-yeol told reporters, after noting other considerations such as the larger economy and household debt.
