SEOUL: South Korean banks' lending rate fell for the second straight month amid the continued policy rate freeze, central bank data shows. The weighted average rate for new bank loans dipped 0.01 percentage point over the month to an annualised 5.1% in August, after sliding 0.06 percentage points in the previous month, according to the Bank of Korea (BoK). The BoK has left its policy rate unchanged at 3.5% since January, after increasing it by three percentage points for the past one and a half years.

http://klse.i3investor.com/web/blog/detail/kianweiaritcles/2023-09-28-story-h-218952747-S_Korean_banks_lending_rate_falls_in_August

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