South Korea’s central bank kept its policy rate unchanged at 2.5% for its second straight meeting despite an uncertain trade environment for the country.
The move was also in line with expectations of economists polled by Reuters.
In its previous meeting, the BOK had held rates, citing a need to assess the impact of recent measures aimed at cooling Seoul’s housing market.
The central bank decision came just days after South Korean President Lee Jae Myung met U.S. President Donald Trump earlier this week, which led to a series of agreements between both sides.
These include multibillion-dollar investment pledges from South Korean companies, record $50 billion aviation purchases by Korean Air, and cooperation in areas such as shipbuilding and energy.
