The presidential office expressed disappointment over the Bank of Korea's decision to freeze the key rate at 3.5 percent Thursday, citing concerns over its impact on domestic consumption. "The interest rate decision lies within the authority of the Monetary Policy Board, but it is disappointing from the perspective of boosting domestic command," a senior presidential official said in a rare remark on the rate decision. The official said the government will announce measures next week to prop up the domestic demand, including ensuring supply of essential goods for the Chuseok holiday. The BOK has kept the policy rate unchanged since February last year but signaled a policy pivot this year amid moderating inflation and a slower-than-expected economic outlook. Source: Yonhap News Agency
Presidential office expresses disappointment over BOK’s rate freeze
Recent News
Hon Hai Unveils Three New Electric Vehicle Models at Annual Tech Day
October 30, 2026
Taiwanese Medical Associations Oppose Propofol Use for Insomnia
October 30, 2026
Prehistoric Whale Fossil from Hengchun Peninsula Set for Display
October 30, 2026
Tainan Railway Station Implements New Usage Rules for Public Piano
October 30, 2026
Seasonal Winds to Bring Cooler Weather and Rain to Taiwan
October 30, 2026