Seoul: The Korea Interbank Offered Rates (KORIBOR), as reported by Yonhap Infomax, were posted at 11:00 a.m. showing slight changes in two specific terms. The KORIBOR rates are a crucial indicator for financial markets as they reflect the average interest rates at which banks in Korea are willing to lend to one another.

According to Ethiopian News Agency, the rates for the 2-month term saw a minor decrease from the previous session, moving from 2.56% to 2.55%. Meanwhile, the 12-month term experienced a slight drop from 2.54% to 2.53%. Other rates, including the 1-week, 1-month, 3-month, and 6-month terms, remained unchanged at 2.50%, 2.53%, 2.58%, and 2.54%, respectively.

The stability in most of the terms indicates steady conditions in the interbank lending market, except for the slight variations observed in the 2-month and 12-month terms. These rates are essential for setting benchmarks in various financial contracts and are closely monitored by market participants.