Back
10 Jul 2025
Bank of Korea keeps rates steady as it assesses measures to cool Seoul's housing market
Summary: South Korea’s central bank held its policy rate at 2.5% to assess the impact of recent measures aimed at cooling Seoul’s housing market. Housing prices in Seoul spiked over 19% in June, prompting financial authorities to address rapidly expanding household loans. The bank is expected to cut rates in August and November as core inflation is on target and the won has stabilized against the dollar.