Bank of Korea Holds Rate Steady to Rein in Housing Market

(Bloomberg) -- The Bank of Korea held its benchmark interest rate steady as authorities seek to rein in rising home prices that are fueling household debt concerns.Most Read from BloombergThe Serious Work That Free Play Can DoThe central bank maintained its seven-day repurchase rate at 3.5% in a decision Thursday that met the expectations of 22 of 23 economists surveyed by Bloomberg. One had forecast a quarter-percentage-point cut. The won and bond futures were mostly steady after the decision.T