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.
By continuing to browse this website, you accept cookies which are used for several reasons such as personalizing content/ads and analyzing how this website is used. Please review our
to learn how you can update your cookie settings.