BOK holds interest rate steady at 2.75% in Apr.

South Korea's central bank held its benchmark interest rate steady at 2-point-7-5 percent as widely expected.

It announced the decision on Thursday following the third Monetary Policy Committee meeting of the year, taking a break from a rate-cutting cycle after a 25 basis points cut in February.

Unstable exchange rates for the Korean won against the greenback amid trade and political uncertainties had fueled expectations for the rate freeze.

Earlier this month, the exchange rate between the won and the U.S. dollar peaked at its highest in 16 years, before plummetting to its lowest for the year.