Seoul: The Korea Interbank Offered Rates (KORIBOR) showed stability with minor adjustments in certain terms, as reported by Yonhap Infomax, the financial news and information arm of Yonhap News Agency, at 11:00 a.m. today. The rates remained unchanged for most terms, reflecting a steady financial environment.

According to Yonhap News Agency, the 1-week, 1-month, 2-month, 3-month, and 12-month KORIBOR rates stayed constant at 3.25%, 3.30%, 3.34%, 3.40%, and 3.24%, respectively, compared to the previous session. The only change observed was in the 6-month term, which saw a slight increase from 3.37% to 3.38%.

The consistent rates across most terms suggest a period of stability in the interbank lending market in Korea. The minor fluctuation in the 6-month rate indicates a slight shift in market conditions or expectations, but overall, the rates have remained largely consistent.

These rates are crucial indicators of the cost of borrowing in the interbank market and are used as benchmarks for various financial
products. The steadiness in the rates can be seen as a positive sign for financial institutions and investors relying on predictable lending conditions.