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(2nd LD) S. Korea's central bank freezes key rate for June.
(From Yonhap)
SEOUL, June 9 (Yonhap) -- South Korea's central bank held its key interest rate steady for a seventh month on Thursday, citing a slower-than-expected recovery in private spending.
In its monthly policy-setting session, the Bank of Korea (BOK) left its target for the call rate, or the interest on overnight inter-bank loans, unchanged at a record low of 3. 25 percent for June.
""Exports remain brisk, but a recovery in private spending is being delayed,"" BOK Gov. Park Seung told reporters after the meeting. ""Any recovery in economic sentiment may fall short of our expectations throughout the second half. "" The central bank has frozen the …
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