The majority of members presented the view that, in overall consideration of the domestic and international financial and economic environments, it would be desirable to lower the Base Rate by 25 basis points at this meeting.

However, Dr. Lee, Il Houng and Dr. Lim, Jiwon expressed clear opposition to cutting the Base Rate by 0.25 percentage points and argued for keeping it at the current level.

(Monetary Policy Board Meeting on October 16, 2019)