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Economic Report

Economic reports, briefs issued by Samsung Economic Research Institute

Bank of Korea Holds Key Interest Rate Steady at 2.5%

Bank of Korea Holds Key Interest Rate Steady at 2.5%

June 17, 2013

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Korea's benchmark interest rate was maintained at 2.5% in June. The Bank of Korea (BOK) held a monetary policy meeting and decided unanimously to freeze the key interest rate. Throughout 2012 and 2013, the central bank has slashed the key interest rate three times; from 3.25% to 3% in July last year and to 2.75% in October last year. This year, the BOK adjusted the rate downward 0.25 percentage point to 2.5% in May.


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