The Bank of Korea (BOK) has announced its decision to freeze the base interest rate at 2.75% per annum. This decision comes after careful consideration of various economic factors, including inflation, growth forecasts, and global economic trends. Analyzing the Interest Rate Freeze This freeze aims to balance controlling inflation and supporting economic growth. Raising interest rates could curb inflation but might also stifle economic activity. Maintaining the current rate provides stability, allowing businesses to invest and consumers to spend with more confidence. Economic Outlook and Future Decisions The BOK will continue to monitor economic indicators and adjust its monetary policy as needed. Factors such as global energy prices and the performance of major economies will influence future interest rate decisions. The central bank's priority remains ensuring price stability and sustainable economic growth for South Korea. ```
