Interest Rate
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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.
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.