Bank of Korea holds rates, upbeat outlook points to future hikes - Yahoo Finance

SEOUL, Oct 22 (Reuters) - The Bank of Korea kept its benchmark interest rate unchanged on Thursday but maintained a hawkish stance by upgrading its economic growth forecasts and remaining upbeat ‌about the country's export momentum. The seven-member monetary policy board at the BOK voted to keep the seven-day repurchase ‌rate at 3.00%, a decision that was forecast by all 34 analysts surveyed by Reuters. The central bank said that further tightening remains on the table, stating ​it "will decide the timing and pace of future increases" while assessing inflation, financial stability and domestic economic trends. "The growth rates for this year and next year are expected to be considerably higher than the August forecasts of 3.3% and 2.