US EditionBank of Korea Held Interest Rates Steady at 2.5%
SEOUL, SOUTH KOREA, JUL 9 – Bank of Korea keeps rate at 2.5% to address financial risks from a 19% annual rise in Seoul housing prices and record household loan growth, officials said.
- The Bank of Korea held its policy rate at 2.5%, citing concerns over household debt and rising housing prices in Seoul.
- Housing prices in Seoul rose over 19% in June, prompting household loan growth to an estimated 7 trillion won, raising financial stability concerns.
- Household loans rose by 6.5 trillion won in June, the steepest in eight months, with Homin Lee warning that financial stability remains a core priority.
- Following the rate freeze, markets rose with the Kospi up 0.74% and the won at 1,372.48, while a rate cut is anticipated at the next meeting as housing measures take effect.
- Forecasts indicate two rate cuts in August and November, while US President Donald Trump threatens 25% tariffs from August 1, shaping Korea’s monetary policy outlook.
Insights by Ground AI
Does this summary seem wrong?
14 Articles
14 Articles
All
Left
3
Center
3
Right
1
Korea’s central bank freezes key rate amid surging household debt, home prices
Korea's central bank kept its benchmark interest rate unchanged Thursday to ensure financial stability amid concerns about rapid increases in housing prices and household debt. In a widely expected de...
·Korea, Republic of
Read Full Article
(Seoul = Yonhap News) Reporter Shin Ho-kyung and Han Ji-hoon = The Bank of Korea's Monetary Policy Committee (hereafter referred to as the MPC) held its first monetary policy direction meeting for the second half of the year on the 10th and decided to raise the base rate to 2.50% per annum...
·Korea, Republic of
Read Full Article
Coverage Details
Total News Sources14
Leaning Left3Leaning Right1Center3Last UpdatedBias Distribution43% Left, 43% Center
Bias Distribution
- 43% of the sources lean Left, 43% of the sources are Center
43% Center
L 43%
C 43%
14%
Factuality
To view factuality data please Upgrade to Premium
