BOK holds key rate steady at 1.25% in Nov.

South Korea's central bank on Friday held its policy rate steady for November, extending its wait-and-see mode for the fifth consecutive month after sending the key rate to a record low level to strengthen growth for Asia's fourth-largest economy.

In a widely expected move, the monetary policy board of the Bank of Korea (BOK) voted to keep the key rate at 1.25 percent.

In June, the central bank made a surprise rate cut, citing a need to support the economy.

South Korea's exports fell for the second straight month in October due mainly to sluggish shipments of cars and mobile devices.

Outbound shipments came to $41.9 billion last month, down 3.2 percent from $43.4 billion the same month last year, according to government data. (Yonhap)