Bank of Korea Holds Rate at 1.25%

The video discusses the Bank of Korea's decision to hold the interest rate steady for the fourth consecutive month, as expected by most analysts. Governor Lee is anticipated to provide insights into economic growth and forecasts, which remain unchanged at 1.25%. The Korean won has depreciated by 3.9% year-to-date, making it one of the worst-performing currencies in Asia. The video also highlights the issue of Korea's high household debt, which limits the Bank of Korea's ability to adjust monetary policy.

What was the expected outcome of the Bank of Korea's interest rate decision?

• Increase the rate

• Decrease the rate

• Abolish the rate

• Hold the rate steady

What is the current benchmark interest rate in Korea?

• 1.5%

• 1.25%

• 2%

• 0.75%

How has the Korean won performed year-to-date?

• It has appreciated by 3.9%

• It has depreciated by 3.9%

• It has appreciated by 5%

• It has remained stable

What is one of the main reasons the Bank of Korea is holding the interest rate steady?

• Low unemployment

• High inflation

• Strong economic growth

• High household debt

What is a significant economic issue Governor Lee is expected to address?

• Unemployment rate

• Household debt

• Trade surplus

• Foreign investment