South Korea keeps rates steady as FX risks limit easing scope

ddaily.co.kr

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[Digital Daily Reporter Park Ki-rok] The Bank of Korea's Monetary Policy Committee held a monetary policy meeting on the 27th and decided to maintain the base interest rate at the current 2.50% per annum. This marks the fourth consecutive freeze since July. Regarding the reason for freezing the base interest rate at the current level, the Monetary Policy Committee stated, "Although the inflation rate is rising somewhat, the domestic economy con…

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Reporters Han Ji-hoon and Im Ji-woo = Bank of Korea Governor Lee Chang-yong stated on the 27th, "It does not seem to be the time to discuss raising the base interest rate at this point." Governor Lee held a press conference that day after the Bank of Korea's Monetary Policy Committee froze the base interest rate at 2.50%.