SKorean banks keep lending rate

By Xinhua News Agency

Apr 30, 2024 12:13 am

SEOUL: South Korean banks' lending rate stood unchanged in March amid lingering expectations for policy rate cuts later this year, central bank data showed on Monday.

The weighted average rate for new bank loans was an annualized 4.85 percent in March, unchanged compared with the previous month, according to the Bank of Korea (BOK).

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