Bank of Korea Kept Interest Rate Unchanged at 1.25%
Seoul | 31st August 2017
On 31st August 2017, the Monetary Policy Board of the Bank of Korea announced the decision to keep the base rate unchanged at 1.25%.
” Bank of Korea Kept Interest at 1.25% “
The Board will conduct monetary policy so as to ensure that the recovery of economic growth continues and consumer price inflation can be stabilized at the target level over a medium-term horizon, while paying attention to financial stability. As the inflationary pressures on the demand side are not expected to be high although the domestic economy is expected to show solid growth, the Board will maintain its stance of monetary policy accommodation.
Official Press Release by The Bank of Korea