The Bank of Korea held its key rate at 1.50%

The Bank of Korea held its key rate at 1.50%. South Korea's central bank held its base rate at 1.50%, as expected. The central bank noted that the US economy continued to improve but that growth in China and other emerging markets remained slow. The bank said, "Looking at the Korean economy, although domestic demand activities have sustained their paces of recovery, driven by consumption, the trend of declining exports has persisted while the improvement in economic agents' sentiments has been inadequate." South Korea's won weakened by 0.2% to 1,181.53 per dollar.