2 new BOK monetary policy board members nominated

The central bank has put forward an economics professor at Seoul National University and a former Bank of Korea deputy governor to replace two outgoing members.

2024-04-19

Rate cut unlikely to boost home prices, BOK official says

A potential rate cut from the Bank of Korea is unlikely to stoke real estate prices, a member of the Korean central bank's Monetary Policy Board said Tuesday.

2024-03-26

Finance Ministry calls for vigilance in wake of Fed's rate freeze

Finance Minister Choi Sang-mok urged financial authorities to carefully monitor and prepare responses to the rate decisions by both the U.S. Federal Reserve and the Bank of Japan.

2024-03-21

BOK keeps rate unchanged at 3.5% for ninth straight meeting

The universally expected move comes after the U.S. Federal Reserve indicated last month that a cut to its rake is not likely until June.

2024-02-22

Rates likely to be frozen for months, BOK says

The chance of any further rate increases has grown weak as the rate is already high and inflation is slowly yet continuously easing, said the Bank of Korea (BOK) as it kept the interest rate steady at 3.50 percent.

2024-01-11

BOK freezes interest rates for eighth straight meeting

The Bank of Korea (BOK) kept interest rates unchanged at 3.50 percent for the eighth straight meeting on Thursday.

2024-01-11

BOK keeps rates steady amid inflation, rising household debt

The Bank of Korea (BOK) kept the policy rates unchanged at 3.50 percent on Thursday for the seventh consecutive meeting.

2023-11-30

BOK keeps rates steady over geopolitical tensions, inflation

The Bank of Korea (BOK) kept rates unchanged at 3.50 percent on Thursday for the sixth straight meeting. It was a unanimous decision by the Monetary Policy Board amid increased uncertainties.

2023-10-19