South Korea's central bank reassured investors on Friday that its future policy decisions would be based on economic data, but noted that another rate cut soon was unlikely because the economy was already recovering as expected.
The Bank of Korea's seven-member policy committee unanimously held the base rate steady at a record-low 1.5%, the third straight month it unanimously kept the rate unchanged after cutting it in June.
Trader reaction to the decision and the Bank of Korea chief's remarks was muted as global financial markets watch and wait for the outcome of the US Federal Reserve's policy meeting Sept 16 and 17.
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The Bank of Korea's seven-member policy committee unanimously held the base rate steady at a record-low 1.5%, the third straight month it unanimously kept the rate unchanged after cutting it in June.
Trader reaction to the decision and the Bank of Korea chief's remarks was muted as global financial markets watch and wait for the outcome of the US Federal Reserve's policy meeting Sept 16 and 17.
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