South Korea central bank

South Korea set to hold interest rates at 2.50% as weak won and housing risks delay further easing

South Korea’s central bank is widely expected to keep its benchmark interest rate unchanged at 2.50 per cent on Thursday, as weakness in the local currency and lingering inflation risks constrain the scope for further monetary easing, according to economists...
South Korea central bank

South Korea’s Central Bank Cuts Interest Rate Amid Slower Growth Forecast

South Korea's central bank lowered its benchmark interest rate on Thursday for the second consecutive month. The Bank of Korea (BOK) cut its policy rate by 0.25 percentage points to 3%, signaling a shift towards more accommodative monetary policies in...
South Korea central bank

South Korea’s Central Bank Lowers Policy Rates for First Time in Four and a Half Years Amid Economic Concerns

South Korea's economic policy, the Bank of Korea (BOK) has cut its policy interest rate for the first time in four and a half years. The move signals a shift in focus from fighting inflation to stimulating economic growth in...