The Bank of Korea released today its decision about the benchmark for the month August. The BOK has kept the rates unchanged steady at 3.25%, where the actual reading came inline with both the previous reading and analysts' expectations.

Furthermore, the Bank of Korea left the borrowing costs for the second month in a row to support the economic growth that affected by the European debt crisis along with the U.S. economic growth slowed after the downgrade for the US's long-term credit from AAA to A+.