South Korea holds rates, signals tight policy to stay over short term By Reuters

By Cynthia Kim and Jihoon Lee SEOUL (Reuters) -South Korea’s central bank held interest rates at a 15-year high on Thursday and struck a balanced policy tone while reiterating risks around inflationary pressures in the wake of stronger-than-expected economic growth. Governor Rhee Chang-yong said for now the Bank of Korea will continue to keep policy restrictive at the current 3.50% benchmark…