Seoul: The Republic of Korea's central bank kept its benchmark interest rate steady Thursday. In a widely expected decision, the Monetary Policy Board of the Bank of Korea held the key rate unchanged at 2.5 percent in its latest rate-setting meeting.
According to Emirates News Agency, this marked the sixth consecutive on-hold decision, even as the central bank remains in an easing cycle. Since October 2024, the Bank of Korea has cut the benchmark interest rate by a cumulative 100 basis points from 3.5 percent. This move aimed to bolster economic growth while keeping the level unchanged since May 2025.