SEOUL — The latest update on the Korea Interbank Offered Rates (KORIBOR) shows a period of stability across various terms, maintaining levels observed in previous sessions.

According to Yonhap News Agency, the financial news and information arm of Yonhap News Agency, as of 11:00 a.m. today, the rates for 1-week and 1-month KORIBOR held steady at 3.50% and 3.48% respectively, mirroring the figures from the previous session. Similarly, the 2-month and 3-month rates were recorded at 3.47%, with the latter seeing a negligible increase from 3.46%. The 6-month rate also remained unchanged at 3.44%, while the 12-month rate experienced a slight uptick from 3.33% to 3.35%.

These figures suggest a period of relative stability in the interbank lending market, indicating consistent borrowing costs for financial institutions in South Korea. This steadiness in interbank rates is crucial for maintaining economic stability, as it influences various financial products and loans across the country.