South Korea’s central bank is likely to hold its key rate steady at one-point-25 percent this month.
 
The Bank of Korea’s(BOK) monetary policy board is set to hold its monthly meeting on Thursday to decide whether to adjust the lending rate.
 
The Korea Financial Investment Association conducted a survey of 100 people working at 74 bond-related organizations from August 16th to 21st, and 99 percent of poll respondents expected the BOK to freeze the key rate.
 
If the South Korean central bank keeps this month’s rate unchanged, it would be the 14th consecutive month it has stayed at one-point-25 percent.
 
The central bank told the National Assembly on Monday that the economy is facing uncertainties due to geopolitical risks caused by North Korea and worsened trade conditions with China.
 
It projected that the economy is unlikely to grow over three percent this year even with a supplementary budget.