SEOUL, April 11 (Reuters) - South Korea's central bank
on Tuesday held interest rates steady for a second consecutive
meeting, as expected, faced with conflicting risks from still
high inflation, a slowing economy and heightened financial
uncertainty.
The Bank of Korea said its seven-member monetary policy
board voted to keep the base rate unchanged at
3.50%, as it did on Feb. 23. Governor Rhee Chang-yong is due to
hold a news conference from 0210 GMT.
The decision was in line with predictions from 39 out of 40
economists surveyed by Reuters, while one respondent had
forecast a 25-basis-point hike.
It is the first time the Bank of Korea has kept the policy
rate steady at successive meetings since it embarked on a
tightening campaign in August 2021.
(Reporting by Choonsik Yoo and Jihoon Lee; Editing by Sonali
Paul)
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