KORIBOR Rates Remain Stable in Most Terms

SEOUL - The Korea Interbank Offered Rates (KORIBOR) have shown stability in most terms, according to the latest figures released by Yonhap Infomax, a financial news subsidiary of Yonhap News Agency. The rates were reported at 11:00 a.m. today.

According to Yonhap News Agency, a benchmark for interbank lending rates in South Korea, remained unchanged in most of the short-term and mid-term durations. The rates for one-week (1-W) stood at 3.50%, identical to the previous session. Similarly, the one-month (1-M) and two-month (2-M) rates were both steady at 3.55% and 3.59%, respectively. The three-month (3-M) rate also maintained its position at 3.65%, as did the six-month (6-M) rate at 3.64%.

However, there was a slight increase in the twelve-month (12-M) rate, which moved up to 3.58% from the previous session's 3.57%. This minor shift in the annual rate indicates a slight change in the longer-term lending outlook among South Korean banks.

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