Interest Rate
Bank of Korea holds key rate steady amid weak won
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South Korea's central bank decided to keep its benchmark interest rate at 2.5 percent during a monetary policy meeting in Seoul on January 15. This marks the fifth consecutive hold since July, driven by a weakened won and inflation concerns that limit further easing. BOK Governor Rhee Chang-yong emphasized a data-driven approach, leaving room for potential rate cuts in the next three months amid high uncertainty.
The Board of Governors of the Bank of Mexico unanimously decided to keep the target interest rate at 7 percent, pausing the cycle of cuts started in 2024. This decision responds to a complex inflationary landscape, with upward revised forecasts for 2026. The Mexican peso closed at 17.3 pesos per dollar, reflecting market caution.
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Salmon Bank has launched the 'Bank On Eight' promo, offering an 8% per annum interest rate on time deposits of at least P1 million for a minimum of one year. The promotion runs from December 1, 2025, to June 1, 2026. It provides a secure way to grow savings with PDIC insurance.