Seoul: SiltaNews – News Desk
The Republic of Korea’s central bank kept its benchmark interest rate steady Thursday. In a widely expected decision, the Monetary Policy Board of the Bank of Korea held the key rate unchanged at 2.5% in its latest rate-setting meeting in Seoul.
This marked the sixth consecutive on-hold decision, even as the central bank remains in an easing cycle, Yonhap News Agency reported. Since October 2024, the Bank of Korea has cut the benchmark interest rate by a cumulative 100 basis points from 3.5% in a bid to bolster economic growth while keeping the level unchanged since May 2025.