Central bank keeps interest rate amid currency concerns

By Park Sae-jin Posted : January 16, 2025, 10:21 Updated : January 16, 2025, 10:21
이미지 확대
Bank of Korea Governor Rhee Chang-yong hits the gavel during a monetary policy committee meeting held at the BOK headquarters in Seoul Dec 16 2025 Joint Press Corps
Bank of Korea Governor Rhee Chang-yong hits the gavel during a monetary policy committee meeting held at the BOK headquarters in Seoul, Dec. 16, 2025. Joint Press Corps

SEOUL, January 16 (AJP) - The Bank of Korea (BOK) on Thursday kept its benchmark interest rate unchanged at 3 percent, citing concerns over the weakening Korean won.

The decision comes after two consecutive rate cuts of 0.25 percentage points in October and November.

The BOK cited the recent surge in the won-dollar exchange rate as a key factor in its decision.

Economists believe that further interest rate cuts could exacerbate the depreciation of the won by widening the interest rate gap between South Korea and the United States, which currently stands at 1.5 percentage points.
Park Sae-jin Reporter
Park Sae-jin

Copyright ⓒ Aju Press All rights reserved.

0 comments
0 / 300

Are you sure you want to delete this comment?

Close

You can write comments after logging in.
Do you want to log in?

Close

You have already participated.

Close

Related

기사 이미지 확대 보기
닫기