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Bank of Korea freezes benchmark interest rate at 3% amid inflation and loan growth concerns

CNBC ·

  1. 1The Bank of Korea maintained the benchmark interest rate at 3% on Thursday.
  2. 2September inflation in South Korea recorded 2.9%, exceeding the 2% target for 13 months.
  3. 3The Bank of Korea stated that housing-related loans continue to increase.

So what's the key point?

The Bank of Korea decided to keep the benchmark interest rate at 3%. It is a cautious situation because inflation is higher than the target and housing-related loans are rising.

Source CNBC · View original ↗

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