Bank of Korea Keeps Policy Rate Unchanged at 2.50 Percent
The Bank of Korea (BOK) voted to keep its seven-day repurchase rate steady at 2.50 percent, citing lingering economic uncertainties that have repeatedly stayed its hand on monetary easing.
The latest freeze extends a holding pattern that has now spanned six successive meetings — in January and February this year, and in July, August, October, and November of 2024. The decisions follow a period of measured easing, during which the BOK trimmed its key rate by 25 basis points on four separate occasions: in February and May of 2025, and in October and November of 2024.
Officials pointed to two persistent pressure points driving the pause — a won exchange rate that remains elevated despite earlier rate cuts, and a swelling household debt burden that continues to cloud the domestic economic outlook.
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