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TechFlow news According to KBS, the Bank of Korea's Monetary Policy Board held its seventh meeting today (11th) to decide on the direction of monetary policy this year, lowering the base interest rate by 0.25 percentage points from the current 3.5% to 3.25%.
This rate cut marks a shift in the Bank of Korea's monetary stance from tightening to easing, three years and two months after it began raising rates by 0.25% in August 2021.
The Bank of Korea's Monetary Policy Board held its seventh meeting today (11th) to decide on the direction of monetary policy this year, lowering the base interest rate by 0.25 percentage points from the current 3.5% to 3.25%. This rate cut marks a shift in the central bank's stance from monetary tightening, which began with a 0.25% rate hike in August 2021, to easing after three years and two months.
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