Bank of Korea lowers base interest rate to 2.75% amid economic challenges
On the 25th, the Monetary Policy Committee of the Bank of Korea lowered the base interest rate by 0.25 percentage points to 2.75% per year. After consecutively lowering the rate in October and November of last year and freezing it once last month,
South Korea will enforce stricter borrowing rules from July to curb rising household debt, the Financial Services Commission ...
Since the end of last year, the Bank of Korea's interest rate cut cycle has begun, and interest has focused on the 'neutral interest rate,' which can gauge the final interest rate ...
Korea's household debt was 90.5 percent at the end of 2024, down 93.6 percent from 2023, according to a preliminary estimate.
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