US EditionBank of Korea Holds Rates Amid Concerns Over Housing, Lending
5 Articles
5 Articles
(Seoul = Yonhap News) Reporter Shin Ho-kyung = The Bank of Korea's Monetary Policy Committee (MPC) froze the base interest rate at 2.50% per annum on the 28th, citing housing price and household debt risks as the basis...
South Korea Holds Interest Rates Steady Amid Trade Tensions, Rising House Prices - TV360 Nigeria
South Korea’s central bank left its key interest rate unchanged on Thursday, keeping the benchmark rate at 2.5 percent while slightly raising its growth outlook for the year. The decision comes against the backdrop of soaring housing prices in Seoul and persistent uncertainties tied to U.S. trade policies under President Donald Trump. Asia’s fourth-largest economy has shown resilience, expanding more than expected in the second quarter as robust…
[Digital Daily Reporter Park Ki-rok] The Bank of Korea's Monetary Policy Committee (MPC) held a regular meeting on the 28th and announced that it would maintain the base rate at the current level (2.50%) until the next monetary policy direction is decided. Regarding the reason for freezing the base rate, the MPC explained, "While prices are continuing a stable trend, growth is showing signs of improvement, centered on domestic demand, although …
The 2.25%p widening of the Korea-US interest rate gap is also a burden… Confirmation of the US September FOMC meeting is required. The growth rate is expected to be slightly raised, reflecting the effects of the supplementary budget. Reporters Shin Ho-kyung, Han Ji-hoon, and Min Seon-hee = The Bank of Korea's Monetary Policy Committee (hereafter, the MPC) held a monetary policy meeting on the 28th and is currently...
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