The Bank of Korea (BOK) kept its benchmark interest rate unchanged at 3 percent on Thursday, pausing its tightening cycle after two consecutive rate hikes as persistent inflationary pressures, escalating Middle East tensions and strong export growth continued to shape the economic outlook, Qazinform News Agency cites Yonhap . The decision by the BOK's Monetary Policy Board was widely anticipated by financial markets. The central bank raised its key rate at its July and August meetings, citing the need for preemptive action to contain rising inflation and maintain macroeconomic stability.
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