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Bank of Korea keeps key rate at 2.50%, signals pause in easing cycle
South Korea’s central bank kept its rate at 2.
The central bank of South Korea opted on 27 November to hold its benchmark interest rate at 2.50% unchanged for the fourth straight meeting. The decision comes amid concerns over weakening currency and rising inflationary pressures. The bank revised up its 2025 growth and inflation forecasts to 1.0% and 2.1%, respectively. Officials indicated that further rate cuts are unlikely soon, shifting tone away from earlier easing bias due to currency and price stability risks.