The Bank of Korea(BOK) has decided to keep this month’s benchmark interest rate at one-point-25 percent.

The BOK monetary policy board on Thursday held a monthly meeting to freeze the lending rate at the record low level.
 
The South Korean central bank has kept the rate steady for 13 months since slashing it by a quarter of a percentage point to the current level in June of last year.
 
The move followed U.S. Federal Reserve Chair Janet Yellen's suggestion that an additional rate hike could be made within this year. She told Congress that the Fed is seeking to reduce its securities holdings, which could lead to a further rise in rates.
 
The Fed increased key interest rates by point-25 percentage point in June, setting the target range for the federal funds rate to one to one-point-25 percent.