[Photo] Bank of Korea Lowers Base Interest Rate for the First Time in 4 Years and 5 Months
by Kang Jinhyoung
Published 11 Oct.2024 10:31(KST)
Updated 11 Oct.2024 10:45(KST)
![[Photo] Bank of Korea Lowers Base Interest Rate for the First Time in 4 Years and 5 Months](http://www.asiae.co.kr/news/img_view.htm?img=2024101110294754971_1728610187.jpg)
On the 11th, the Monetary Policy Committee of the Bank of Korea decided to lower the base interest rate by 0.25 percentage points from the previous 3.50% to 3.25% at the monetary policy direction meeting. Lee Chang-yong, Governor of the Bank of Korea, is striking the gavel to finalize the decision to cut the base interest rate. Photo = Joint Press Corps
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