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Minutes of the Monetary Policy Board Meeting(July 2021)

Monetary Policy Board Secretariat (02-759-4146) 2021.08.17 258

The majority of members presented the view that, in overall consideration of the domestic and international financial and economic environments, it would be desirable to keep the Base Rate at its current level of 0.50%.

However, Dr. Koh, Seungboem expressed clear opposition to keeping the Base Rate at the current level and argued for raising it by 0.25 percentage points.

(Monetary Policy Board Meeting on July 15, 2021)