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Bank of Korea Holds Interest Rates Steady, as Expected

SEOUL, July 10 (Reuters) - South Korea's central bank held interest rates steady on Thursday, in line with expectations, as it steered a cautious path amid concerns about financial stability risks stemming from rising household debt and economic pressure from U.S. tariffs.

The Bank of Korea's seven-member monetary policy board voted to keep its benchmark interest rate unchanged at 2.50%, an outcome expected by all 33 economists in a Reuters poll.

Governor Rhee Chang-yong will hold a press conference at 0210 GMT, which will be livestreamed via YouTube.

Reporting by Jihoon Lee and Joyce Lee; Editing by Kim Coghill

Source: Reuters


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