S. Korea keeps interest rates at record low

South Korea's central bank on Tuesday held its policy rate at a record low of 2 percent for four straight months.

Bank of Korea (BOK) Governor Lee Ju-yeol and six other policy board members decided to hold the benchmark seven-day repurchase rate at 2 percent.

Despite uncertainties at home and abroad, the BOK was widely expected to freeze the rate as the bank lowered it in August and October in 2014.

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