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Seoul, February 26 (QNA) – South Korea’s central bank kept its benchmark interest rate steady Thursday, citing stronger-than-expected growth momentum, as it sought to safeguard financial stability amid a weak local currency and an unstable housing market.
In a widely expected decision, the Monetary Policy Board of the Bank of Korea (BOK) held the key rate unchanged at 2.5 percent in its latest rate-setting meeting in Seoul, according to South Korea’s (Yonhap) news agency.
It 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 in a bid to bolster economic growth while keeping the level unchanged since May 2025. (QNA)
