Seoul: The Korea Interbank Offered Rates (KORIBOR) showed slight variations in rates across different terms in today's report. The rates, which are crucial for financial institutions in determining lending rates, indicated stability in the short-term offerings with marginal increases in the longer terms.
According to Yonhap News Agency, the 1-week and 1-month KORIBOR rates remained unchanged at 3.00% and 3.09% respectively. Meanwhile, the 2-month rate saw a slight increase from 3.17% to 3.18%. The 3-month term also experienced a minimal rise, from 3.27% to 3.28%.
Further increments were observed in longer-term rates. The 6-month rate ascended from 3.55% to 3.57%, and the 12-month rate climbed from 3.86% to 3.88%. These changes reflect minor adjustments in the interbank lending market as financial institutions continue to navigate the current economic landscape.