In a surprise move, the Bank of Korea holds its benchmark rate steady at 3%. There had been...

|By:, SA News Editor

In a surprise move, the Bank of Korea holds its benchmark rate steady at 3%. There had been near-universal agreement a rate cut was coming in response to official cuts in GDP estimates, diving exports, and inflation at a 12-year low. The Kospi is flat after briefly diving more than 0.5% on the news.