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Minutes of the Monetary Policy Board Meeting(March 2020)

Monetary Policy Board Secretariat (02-759-4146) 2020.04.14 1204

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 50 basis points, from 1.25% to 0.75%.

However, Dr. Lim, Jiwon expressed clear opposition to lowering the Base Rate by 0.50 percentage points and argued for cutting it by 0.25 percentage points.