The Central Bank of Korea kept interest rates unchanged as expected, with inflation rising more slowly than expected, while exports showed moderate improvement.
The MPC's vote came in favor of keeping rates at 1.50% and keeping the monetary policy unchanged since last November's rate hike from historic lows of 1.25%.
South Korea's main inflation remained below the bank's target of 2 percent since October last year, raising doubts about the bank's next move. Inflation slowed to 1.3 percent in March from 1.4 percent in February, boosting the idea that monetary tightening will gradually increase this year.
