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Minutes of the Monetary Policy Board Meeting(July 2018)

Monetary Policy Board Secretariat (02-759-4146) 2018.08.28 2460

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 holding the Base Rate at its current level, and argued for a 0.25 percentage point raise.