The majority of members shared the view that, in overall consideration of the domestic and international financial and economic environments, it would be desirable to cut the Base Rate from the current 3.25%  level to 3.00% at this meeting. 

However, member Yongsung Chang and member Sangdai Ryoo argued for holding it at its current level for the intermeeting period.

(Monetary Policy Board Meeting on November 28, 2024)