Seoul: South Korea's central bank kept its benchmark interest rate unchanged Thursday in a bid to ensure financial stability amid persistent concerns about rising housing prices and household debt. The Monetary Policy Board of the Bank of Korea (BOK) held its key rate steady at 2.5 percent during its rate-setting meeting in Seoul.
According to Yonhap News Agency, this decision marks the second consecutive on-hold stance by the BOK, although the bank has emphasized the need to support economic growth. The central bank initiated its monetary easing cycle in October, reducing the key interest rate by a total of 100 basis points, with the latest cut occurring in May.