Rhee Chang-yong, governor of the Bank of Korea, said at a press briefing after the first regular meeting of the the Bank of Korea's monetary policy committee this year on the 15th that five committee members said it is highly likely the rate will be kept at around 2.5% even three months from now.
Rhee said the five who said a freeze is highly likely noted that, because the current economic situation is likely to continue over the next three months, it is necessary to keep the rate on hold for the time being and review financial stability conditions.
He then said the remaining one member who suggested a possible cut said that, because the recovery in domestic demand is still weak, it is still necessary to keep the door open to an additional cut; however, it would be best to decide the future policy path after seeing how financial stability variables such as dwellings prices and the exchange rate change.