The Bank of Korea (BOK) said Tuesday it has opened a digital blog on its official website to share comments and explanations on its monetary policy and other policy steps as part of efforts to enhance communication with market players.
Banks' mortgage loan rates averaged 3.51 percent in November, up 0.25 percentage point from a month earlier, according to data by the Bank of Korea (BOK)
Local banks slashed interest rates on deposits to near zero in line with the central bank's cutting off the base rate to an all-time low of 0.5 percent. Five commercial banks except for Hana cut their deposit rates last Friday.
Korea JoongAng Daily Sitemap