SEOUL, Aug 27 (Reuters) – The Bank of Korea raised its benchmark interest rate by a quarter percentage point to 3.00% on Thursday, as expected, delivering a second straight increase as inflation stays above target while financial stability risks persist.
The seven-member monetary policy board at the BOK voted to raise the seven-day repurchase rate by 25 basis points, a decision predicted by 18 of 35 economists surveyed in a Reuters poll.
Governor Shin Hyun Song will hold a press conference at 0210 GMT.
(Reporting by Cynthia Kim, Jihoon Lee; Editing by Sam Holmes)
