Bank of Korea Kept Interest Rate Unchanged at 1.25%
Seoul | 19th October 2017
The Monetary Policy Board of the Bank of Korea decided today to leave the Base Rate unchanged at 1.25% for the intermeeting period.
” BANK OF KOREA KEPT INTEREST AT 1.25% “
Looking ahead, 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 forecast to not be high for the time being, while the domestic economy is expected to continue its solid growth, the Board will maintain its accommodative policy stance while closely checking future economic growth and inflation trends.
Official Press Release by The Bank of Korea