Korea Joongang Daily
Korea JoongAng Daily

Takaichi signals looser fiscal goal, urges BOJ rate hike caution

Japanese Prime Minister Sanae Takaichi said on Monday she would work on setting a new fiscal target extending through several years to allow more flexible spending, essentially watering down the country's commitment to fiscal consolidation.

2025-11-10

BOK delays rate cut, but reaffirms easing cycle

The Bank of Korea (BOK) held the base interest rate steady at 2.50 percent for the third consecutive meeting on Thursday, citing concerns about further overheating the housing market and increased volatility in the exchange rate.

2025-10-23

BOK maintains 2.5 percent interest rate for third consecutive meeting this month

The Bank of Korea (BOK) held its key interest rate steady at 2.5 percent for the third consecutive time Thursday, citing concerns that a rate cut could send mixed signals to the market amid the government's latest real estate measures.

2025-10-23

BOK chief says inflation targeting a 'good' tool to 'shrug off' political pressure

Bank of Korea Gov. Rhee Chang-yong called inflation targeting is a "good" tool to "shrug off" political pressure, as the U.S. Federal Reserve has been under pressure from U.S. President Donald Trump to lower the key lending rate to boost the economy.

2025-09-19

BOK board member says rate cuts needed to prop up growth

Lee Soo-hyung, a member of the Bank of Korea's monetary policy board, said rate cuts are needed to prop up growth while assessing the impact of housing and monetary policies.

2025-09-11

Gold and silver prices climb to record highs ahead of Fed meeting

Gold and silver prices continued their rally to record highs as expectations mount that the U.S. Federal Reserve will cut interest rates at the upcoming Federal Open Market Committee (FOMC) meeting scheduled for Sept. 16 to 17.

2025-09-02

BOK signals cuts on the horizon after holding rate at 2.5%

The Bank of Korea will continue its rate-cut cycle through the first half of next year, as the country’s economic growth is projected to stay below its potential, the central bank said after announcing that the rate will hold steady at 2.5 percent.

2025-08-28

Korea's central bank holds key rate steady, raises GDP outlook to 0.9%

The Bank of Korea (BOK) held its key interest rate steady at 2.5 percent on Thursday, citing concerns that a premature rate cut could reignite housing prices. It also slightly raised its outlook on Korea’s real gross domestic product (GDP) growth.

2025-08-28

Treasury bonds, national debt pile up as interest payments approach $22 billion

Korea's interest payments on Treasury bonds may exceed 30 trillion won ($22 billion) this year due to rising debt and increased borrowing, posing fiscal challenges and concerns about long-term fiscal policy.

2025-08-17

Why Trump's push for a 1 percent Fed policy rate could spell trouble for U.S. economy

A Fed policy rate that low is not typically a sign that the United States is the "hottest" country in the world for investment, as Trump has said. It is usually a crisis response to an economy in serious trouble.

2025-07-14