BOK freezes base rate on weak won, inflation concerns

The Bank of Korea held its benchmark interest rate steady at 2.5 percent Friday, citing volatility in the Korean won and rising inflationary pressures linked to the Iran conflict. The decision comes as the won remains under pressure amid heightened geopolitical tensions, with oil price swings driven by the Middle East crisis adding to uncertainty in global markets. Although the currency briefly strengthened below the 1,500-per-dollar level for the first time in 10 trading days on Wednesday, clos

By The Korea Herald