Monetary Policy Decisions

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• • Further Base Rate Cut from 2.75% to 2.5%

  With inflation remaining stable, increased downward pressure on the economy led the Bank of Korea to further cut the Base Rate by 0.25%p while monitoring financial stability conditions.

Economic and Financial Developments

Prospects for Monetary Policy

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• • The Bank of Korea will determine the timing and pace of any further Base Rate cuts based on its assessments of inflation, growth, and financial stability.

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