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
Allies Urge UN for Taiwan’s Inclusion Through Joint Letter
September 19, 2026
Anduril Founder Raises Concerns Over Taiwan Arms Deal Delays with Trump
September 19, 2026
Taiwan Urged to Learn Resilience from Ukraine’s Wartime Experience
September 19, 2026
Lee Hao-yu Sets Taiwanese MLB Records in Tigers’ 11-8 Triumph Over White Sox
September 19, 2026
Taiwan’s Huang and Zhang Lead Delegation at Asian Games in Nagoya
September 19, 2026
Taiwan Secures Fifth Consecutive Senior Women’s 500kg Tug of War Title
September 19, 2026
Ozone Recovery a Rare Success Story, Says Tang Prize Laureate Susan Solomon
September 19, 2026