South Korea central bank maintains rates as won weakens

Bank of Korea keeps lid on excessive borrowing amid heated housing market

20251126 bank of korea

The Bank of Korea's policy decision to keep rates unchanged is in line with market expectations. (Photo by Kotaro Hosokawa)

STEVEN BOROWIEC

SEOUL -- South Korea's central bank held its key policy rate steady at 2.5% on Thursday as it seeks to quell concerns over rising home prices and foreign exchange vulnerability.

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