Seoul: The Bank of Korea (BK) held its benchmark interest rate steady on Thursday, citing stronger-than-expected growth momentum, in an effort to safeguard financial stability amid a weak local currency and a volatile housing market. According to Yemen News Agency, in a widely anticipated move, the Bank of Korea's Monetary Policy Committee kept the benchmark interest rate unchanged at 2.5% at its latest rate-setting meeting in Seoul. This marked the sixth consecutive time the central bank has maintained the rate at its current level, even though it remains in an easing monetary policy cycle. Since October 2024, the BK has cut its benchmark interest rate by 100 basis points from 3.5% in an effort to boost economic growth, and has kept it at that level since May 2025.
Related Articles
Muscat Stock Exchange Index Rises by 0.11 Percent
Muscat: The Muscat Stock Exchange (MSX) 30 Index closed on Sunday at 5,955.62 points, up by 6.3 points, or 0.11 percent, compared to the previous trading session, which ended at 5,949.33 points. The value of trading reached OMR 42,066,628, marking an …
China, US Achieve Positive Results in Economic and Trade Consultations
Beijing: The Chinese Ministry of Commerce announced on Saturday that China and the US achieved positive results in their economic and trade consultations and will discuss reducing tariffs on specific products.
According to Yemen News Agency, a minis…
China’s Economic Growth Slows to 4.8% in Third Quarter
Beijing: The Chinese economy grew at its slowest annual pace in a full year in the July-September quarter, expanding by 4.8%, impacted by trade tensions with the United States and slowing domestic demand. The Chinese government said in a report on Mon…