The monetary policy Council was elected "Bank of Korea Thursday kept the nation's benchmark interest rate at 2.50 percent, unchanged in line with expectations.
Bok has trimmed rates by 25 basis points in may, from 2.75 percent to 2.50 percent after holding steady for six months.
Modest economic recovery and moderate inflation combined to allow Bank the flexibility to hold fire, and not to take any action.
The Bank said in a statement that accompanied the decision "Committee will conduct monetary policy in order to keep consumer price inflation within the inflation target range over the medium term horizon with a guarantee not to weaken growth potential because of continued slow growth".
South Korea's consumer prices by 1.3 percent in August and 0.3 percent in the month.
Core inflation, which excludes volatile food costs also 1.3 percent per year was up 0.1 percent on the month.
Inflation was below 2 percent for nine months straight now, and the consumer price index remains well below the target range, "the Bank of Korea" from 1.5 to 3.5 per cent, and had lowered this year from 2 to 4 per cent in 2012.
The Bank said "the Commission forecast that inflation will remain low for now despite an increase in international oil prices, and this is mainly due to inflation, reduce the effects of policies such as childcare provision and to the stability of international agricultural commodity prices downward.
Low inflation the Central Bank maneuvering room left for additional relief, although some solid economic data reduced the urgency of that course of action.
The GDP of South Korea 1.1 per cent seasonally adjusted in the second quarter of 2013 compared to the previous three months. That followed quarterly gain of 0.8 percent in Q1.
On an annual basis, GDP was up 2.3 percent-up from jumping 1.5 percent annually in the first quarter.
"Moderate economic growth maintains Committee be continued, with the exports and improving consumption. The Bank said it expects the domestic economy will maintain a negative output gap for a long time going forward, although they expect that the gap would be narrowed gradually. "
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