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Friday, May 13, 2011

Korea's Central Bank kept interest rates at 3% the same surprise market accident

summary: Korea Central Bank policy rate at 3% change in announced Friday, the second consecutive month wait, surprised investors by surprise.

Korea's Central Bank Friday (13th) policy rate at 3% change in announced, wait for the second consecutive month, surprised investors by surprise.

Korea Central Bank said monetary policy Committee to maintain 7th unchanged repo rate in 3%, not published details.

according to the international well-known financial media prior to this survey, 19 in the analyst, 16-bit index rate is expected to be raised by 25 basis points to 3.25%, and the remaining 3 are not expected to change.

Korea Central Bank said that under the demand factor pulling, the consumer price index (CPI) may maintain strong gains momentum. Fluctuations in oil prices and Europe's financial problems is the main risk facing the economy.

also, Korea's Central Bank also said Korea economy on track for steady growth.