Bank of Korea Holds Benchmark Interest Rate at 3.50%, Meeting Market Expectations

 

 

 

The Bank of Korea held a Monetary Policy Committee meeting today and decided to keep the benchmark interest rate at its current level of 3.50% per annum.

This decision marks the 12th consecutive hold since the interest rate was raised from 3.25% to 3.50% in January last year.

The decision to maintain the rate is in line with market expectations and is likely to have a limited impact on financial markets.

Market experts anticipated this hold, considering the slowing inflation trend, seasonal factors, and uncertainties surrounding the U.S. Federal Reserve's rate policy.

Meanwhile, in the financial sector, household loans have been increasing for three consecutive months, and real estate prices are rising in some areas of Seoul, which also influenced the decision to maintain the rate.

Bank of Korea Governor Rhee Chang-yong is expected to explain the background of the rate hold, the opinions of the Monetary Policy Committee members, and the future direction of monetary policy at a press conference.

출처 : 산경투데이(https://www.sankyungtoday.com)

 

 

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Bank of Korea Holds Benchmark Interest Rate at 3.50%, Meeting Market Expectations