South Korea’s central bank keeps interest rates steady on muted inflation

Vastavam web: South Korea’s central bank held interest rates steady on Thursday, as expected, with inflation running more slowly than forecast and exports showing a modest improvement.The Bank of Korea’s Monetary Policy Board voted to keep the benchmark interest rate KROCRT-ECI at 1.50 percent, leaving its monetary policy setting unchanged since raising it in November from a record-low 1.25 percent.Headline inflation has held below the bank’s target of 2 percent since October last year, raising doubts about the bank’s next steps even as other economies dial back crisis-era stimulus policies.