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base rate News

Bank of Korea Holds Interest Rates Steady at 3% Amid High Exchange Rate Concerns

Sarah Mitchell 16 Jan, 2025

The Bank of Korea has decided to keep the base rate unchanged at 3% due to concerns over a high exchange rate. Governor Rhee Chang-yong discussed the impacts of a strong U.S. dolla...

Economy

South Korea's Central Bank Holds Steady: Base Rate Frozen at 3% Amid Global Economic Shifts

Emily Rodriguez 16 Jan, 2025

The Bank of Korea has decided to freeze the base rate at 3% amidst economic uncertainties, including exchange rate volatility and political instability. Additionally, it has expand...