Bank of Korea keeps key interest rate unchanged at 2.5%

WAM
23 Oct 2025, 10:22 GMT+10

SEOUL, 23rd October, 2025 (WAM) -- The Republic of Korea's central bank kept its benchmark interest rate unchanged Thursday to maintain financial stability amid a red-hot housing market and a weakening currency.

In a widely expected decision, the Monetary Policy Board of the Bank of Korea (BOK) held its key rate steady at 2.5 percent during its rate-setting meeting in Seoul.

The decision marked the third consecutive on-hold decision, though the BOK has stressed the need to support the economic recovery through monetary easing.

According to Yonhap News Agency, the central bank began its monetary easing cycle in October last year, cutting the key interest rate by a total of 100 basis points since then, with the most recent reduction implemented in May.

At its September meeting, the Federal Reserve cut its benchmark rate by a quarter percentage point to a range of 4-4.25 percent and signalled two more cuts this year.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Greek Herald.

More Information

International Business

Section

Bank of Korea keeps key interest rate unchanged at 2.5%

SEOUL, 23rd October, 2025 (WAM) -- The Republic of Korea's central bank kept its benchmark interest rate unchanged Thursday to maintain...

Ukraine adopts record war budget

Vladimir Zelensky has approved nearly $8 billion in additional military spending, expecting most of the funds to come from frozen Russian...

Column: The Global Governance Initiative -- A roadmap for narrowing South-North gap

The Global Governance Initiative presented by Chinese President Xi Jinping restores to the United Nations and its specialized agencies...

Dont use AI for voting advice Dutch regulator

Over half of all chat-bot suggestions lean towards two dominant political blocs, the watchdog has found The Dutch data protection...

Dutch regulator issues AI election advice warning

Over half of all chatbot suggestions lean towards two dominant political blocs, a data watchdog has found The Dutch data protection...

Trump repeats claim on India reducing Russian oil imports

The US president has said New Delhis purchases of energy from Russia featured in his latest phone conversation with Narendra Modi ...

Mediterranean

Section