Most Popular
-
1
Jung's paternity reveal exposes where Korea stands on extramarital babies
-
2
Samsung entangled in legal risks amid calls for drastic reform
-
3
Heavy snow alerts issued in greater Seoul area, Gangwon Province; over 20 cm of snow seen in Seoul
-
4
Seoul blanketed by heaviest Nov. snow, with more expected
-
5
[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'](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/11/26/20241126050017_0.jpg&u=20241126161719)
![[Herald Interview] 'Trump will use tariffs as first line of defense for American manufacturing'](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/11/26/20241126050017_0.jpg&u=20241126161719)
-
6
Samsung shakes up management, commits to reviving chip business
-
7
K-pop fandoms wield growing influence over industry decisions
-
8
Heavy snow of up to 40 cm blankets Seoul for 2nd day
-
9
Korea's auto industry braces for Trump’s massive tariffs in Mexico
-
10
Seoul's first snowfall could hit hard, warns weather agency
South Korea's central bank on Thursday left its benchmark policy rate steady at 1.5 percent as widely expected, amid growing concerns over the country's bulky household debt.
The Bank of Korea has been keeping the rate unchanged for two straight months following a surprise rate cut in June that was aimed at fending off the economic fallout from the Middle East Respiratory Syndrome.
The decision is in line with a poll by Yonhap Infomax, the financial news arm of Yonhap News Agency. All 11 analysts and economists projected a rate freeze, citing the need to gauge the impact of previous rate cuts and the government's household debt measures.
In July, Seoul unveiled a policy package aimed at easing household debt risk, which was feared to escalate if the U.S. Federal Reserve started hiking rates. As of end-March, the country's household debt totaled 1,099 trillion won ($929 billion). (Yonhap)
