Home

The Korea Herald

Latest news

Most Popular

  1. 1

    Jung's paternity reveal exposes where Korea stands on extramarital babies

    Jung's paternity reveal exposes where Korea stands on extramarital babies
  2. 2

    Samsung entangled in legal risks amid calls for drastic reform

    Samsung entangled in legal risks amid calls for drastic reform
  3. 3

    Heavy snow alerts issued in greater Seoul area, Gangwon Province; over 20 cm of snow seen in Seoul

    Heavy snow alerts issued in greater Seoul area, Gangwon Province; over 20 cm of snow seen in Seoul
  4. 4

    [Herald Interview] 'Trump will use tariffs as first line of defense for American manufacturing'

    [Herald Interview] 'Trump will use tariffs as first line of defense for American manufacturing'
  5. 5

    Agency says Jung Woo-sung unsure on awards attendance after lovechild revelations

    Agency says Jung Woo-sung unsure on awards attendance after lovechild revelations
  1. 6

    Seoul blanketed by heaviest Nov. snow, with more expected

    Seoul blanketed by heaviest Nov. snow, with more expected
  2. 7

    [Health and care] Getting cancer young: Why cancer isn’t just an older person’s battle

    [Health and care] Getting cancer young: Why cancer isn’t just an older person’s battle
  3. 8

    K-pop fandoms wield growing influence over industry decisions

    K-pop fandoms wield growing influence over industry decisions
  4. 9

    [Graphic News] International marriages on rise in Korea

    [Graphic News] International marriages on rise in Korea
  5. 10

    Korea's auto industry braces for Trump’s massive tariffs in Mexico

    Korea's auto industry braces for Trump’s massive tariffs in Mexico
피터빈트

BOK cuts key rate once again to record-low 1.5%

By KH디지털2

Published : June 11, 2015 - 10:11

    • Link copied

The Bank of Korea lowered the base rate Thursday to a record low of 1.5 percent amid growing concerns that the outbreak of Middle East respiratory syndrome will drag down the nation’s economic growth.

  

Bank of Korea Gov. Lee Ju-yeol on Thursday. (Yonhap) Bank of Korea Gov. Lee Ju-yeol on Thursday. (Yonhap)

In its monthly rate-setting meeting, the Monetary Policy Committee of the central bank decided to cut the base rate by a quarter percentage point, from 1.75 percent, marking the second rate cut this year, according to officials.


The rate has fallen by a cumulative 1 percentage point over the past year, through four rate cuts -- in August and October last year; March and May -- of 0.25 percentage points, each.


By Bae Hyun-jung (tellme@heraldcorp.com)

More from Headlines