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Minutes of the Monetary Policy Board Meeting(August 2018)

Monetary Policy Board Secretariat (02-759-4146) 2018.10.16 1980

The majority of members shared the opinion that, in overall consideration of the domestic and international financial and economic environments, it would be desirable to keep the Base Rate at its current level of 1.50 percent for the intermeeting period.

However, Mr. Lee, Il Houng expressed clear opposition to the idea of keeping the Base Rate at its current level, and argued for a 0.25 percentage point raise.