emirates7 - The Bank of Korea (BOK), South Korea’s central bank, opted to keep its benchmark interest rate steady on Thursday, prioritizing currency stability amid ongoing concerns over the United States’ broad tariff measures, despite the country’s weak economic growth.
As reported by Yonhap News Agency, the BOK’s monetary policy committee maintained the key interest rate at 2.75 percent during its latest policy meeting in Seoul.
This decision comes after a 0.25 percentage point rate cut in February, which was the third rate reduction since the BOK began easing monetary policy in October 2024—the first such cycle since August 2021.
By holding rates steady, the BOK signaled its commitment to financial stability, balancing the need to support a slowing economy while also managing risks in the financial markets.
As reported by Yonhap News Agency, the BOK’s monetary policy committee maintained the key interest rate at 2.75 percent during its latest policy meeting in Seoul.
This decision comes after a 0.25 percentage point rate cut in February, which was the third rate reduction since the BOK began easing monetary policy in October 2024—the first such cycle since August 2021.
By holding rates steady, the BOK signaled its commitment to financial stability, balancing the need to support a slowing economy while also managing risks in the financial markets.