Bank of Korea freezes key rate at 3%
SEOUL, 16th January, 2025 (WAM) -- The Republic of Korea's central bank kept its benchmark interest rate frozen Thursday following its two successive rate cuts.
According to Yonhap News Agency, the monetary policy committee of the Bank of Korea (BOK) held its key rate unchanged at 3 percent during a rate-setting meeting in Seoul.
The decision came on the heels of two rate cuts in the prior meetings in Octob