Bank of Korea cuts interest rates to stimulate economy
The Bank of Korea (BOK) lowered its benchmark interest rate by 25 basis points from 3.25 per cent to 3.00 per cent…
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South Korea’s interest rate
S. Korea’s interest rates fall to 3.41% in July – BOK
South Korea's average interest rate on new deposits stood at 3.41 per cent in July 2024, marking a decrease of 10…
S. Korean banks hike rates amid soaring household debt
Major South Korean banks are set to increase lending rates this week, driven by concerns over a surge in household…
Bank of Korea board divided on rate cut timing; minutes show
South Korea's central bank policymakers was split on the timing of interest rate cuts.
