South Korea's central bank governor said on Thursday that the most important factor determining the health of Asia's fourth-largest economy in the next few months was whether recent political turmoil would stabilise.

South Korea’s central bank kept its benchmark seven-day repurchase rate unchanged at 3.00% on Thursday, following a back-to-back rate cut in November.

South Korea's central bank Thursday held its benchmark policy rate at 3% in a surprise move, having delivered two back-to-back cuts in its previous meetings amid a slowing economy. Economists polled by Reuters had estimated a 25-basis-point cut.

South Korea's central bank unexpectedly left its policy interest rate unchanged on Thursday and signalled it needs to wait for the domestic political turmoil weighing on the currency to stabilise before it can make further rate cuts.

South Korea’s central bank kept the interest rate unchanged at 3.0%, pausing a series of rate cuts that began last October. This decision comes despite growing concerns about heightened political uncertainties caused by the martial law crisis and sluggish domestic demand.

By bno - Taipei Bureau South Korea's central bank has opted to keep its benchmark interest rate unchanged at 3% despite mounting concerns over the country's economic performance. This decision follows two consecutive rate cuts in October and November,