Korea Interbank Offered Rates Remain Steady, Reports Yonhap Infomax

SEOUL — The Korea Interbank Offered Rates (KORIBOR) were reported by Yonhap Infomax at 11:00 a.m., showing a steady trend in short-term and long-term loan rates among banks.

According to Yonhap News Agency, the rates for various terms remained consistent with the previous session. The one-week rate stood at 3.50%, unchanged from its previous value. Similarly, the one-month and two-month rates were stable at 3.55% and 3.62%, respectively.

The three-month KORIBOR, however, saw a slight decrease from 3.69% to 3.68%. The six-month rate also dropped marginally from 3.69% to 3.67%. In contrast, the twelve-month rate showed a decrease, moving from 3.61% to 3.59%.

These figures are indicative of the current stability in the interbank lending market in South Korea.

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