Seoul: The Korea Interbank Offered Rates (KORIBOR) displayed stability across most terms today, as reported by Yonhap Infomax, the financial news and information arm of Yonhap News Agency. The rates, which are pivotal in the financial sector for determining lending and borrowing costs among banks, remained unchanged for the major short-term durations.

According to Yonhap News Agency, the KORIBOR rates for the 1-week, 1-month, 2-month, and 3-month terms all stood firm at 2.50%, mirroring the figures from the previous session. Similarly, the 6-month term rate showed no movement, maintaining its position at 2.55%.

However, there was a slight adjustment in the 12-month term, which saw a minor decrease from 2.55% to 2.54%. This minor shift in the long-term rate indicates a subtle change in the expectations for interest rates over the coming year. The consistent rates across the shorter terms suggest a period of stability in the interbank lending market.