The Bank of Korea Financial and Monetary Commission has frozen the base rate at 0.5% per year.
Since May of last year, the base rate has been frozen eight times in a row.
It seems to have decided that a sudden increase in interest rates could increase the side effects of the economic downturn.
Earlier, BOK Governor Lee Ju-yeol said at a press conference on the 15th of last month, "As it is difficult to be sure that the economic recovery has settled, it is too early to consider shifting the monetary easing policy."
(Photo = Yonhap News)