Financial News: Bank Of Korea Keeps Rate Unchanged

Bank Of Korea Keeps Rate Unchanged

07/09/2025 - 23:32:00 (RTTNews)

(RTTNews) - The Bank of Korea left its interest rate unchanged on Thursday citing risks associated with rising household debt and escalating trade tensions.

The Monetary Policy Board decided to leave the Base Rate unchanged at 2.50 percent.

The bank had previously reduced the benchmark rate by a quarter-point each in May and February.

"The Board will maintain its rate cut stance to mitigate downside risks to economic growth and adjust the timing and pace of any further Base Rate cuts while closely monitoring changes in the domestic and external policy environments and examining the resulting impact on inflation and financial stability," the bank said in a statement.

The board observed there is considerable uncertainty related to trade negotiations. The board also noted that risks associated with the housing market in Seoul and its surrounding areas and household debt increased.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Japan GDP Climbs 0.3% In Q2 (03 min(s), 37 sec(s) ago)
(RTTNews) - Japan's gross domestic product expanded a seasonally adjusted 0.3 percent on quart ...Full Story»

New Zealand Manufacturing Sector Expands In July - BusinessNZ (01 hr(s), 18 min(s), 37 sec(s) ago)
(RTTNews) - The manufacturing sector in New Zealand moved up into expansion territory in July, Bus ...Full Story»

Japan GDP Data Due On Friday (02 hr(s), 11 min(s), 37 sec(s) ago)
(RTTNews) - Japan will on Friday release preliminary Q2 numbers for gross domestic product, highli ...Full Story»

Treasury Announces Details Of Twenty-Year Bond Auction (08 hr(s), 54 min(s), 37 sec(s) ago)
(RTTNews) - The Treasury Department on Thursday announced the details of this month's auction ...Full Story»

U.S. Producer Price Growth Far Exceeds Estimates In July (09 hr(s), 33 min(s), 37 sec(s) ago)
(RTTNews) - Producer prices in the U.S. increased by much more than expected in the month of July, ...Full Story»

Slovenia GDP Rebounds 0.7% In Q2 (09 hr(s), 49 min(s), 37 sec(s) ago)
(RTTNews) - Slovenia's economy expanded in the second quarter after a renewed contraction in ...Full Story»

U.S. Weekly Jobless Claims Unexpectedly Dip To 224,000 (10 hr(s), 05 min(s), 37 sec(s) ago)
(RTTNews) - The Labor Department released a report on Thursday unexpectedly showing a modest decre ...Full Story»

UK GDP Rises More Than Expected (10 hr(s), 46 min(s), 37 sec(s) ago)
(RTTNews) - The UK economy expanded more than expected in the second quarter but the overall growt ...Full Story»