(Seoul=NSP News Agency) jonghyuk Kim Journalist = The Bank of Korea froze base rate on hold at 1.50% a year.

Monetary Policy Committee of The Bank of Korea, froze base rate on hold at 1.50% a year as usual in the regular meeting hold on 19th. Since last July, the Bank of Korea has kept base rate 1.50% a year, an all-time low, for 10 months.

This freezing is interpreted that because of uncertain foreign economic condition and unclear effect of reduction, they want to remain policy ability.

Monetary Policy Committee of the Bank of Korea diagnosed that “about domestic economy, export decreasing keeps going, but consumption, domestic market and sentiment of main agents are improved”, “the uncertainty of domestic economic growth path is high because of effects from oversea economic conditions, such as financial, economical situations of emerging market countries and movement of international oil price”, they added.