Korea Joongang Daily
Korea JoongAng Daily

Crossing the line when needed

The presidential office must back the administration so that government ministers can successfully do their job, rather than meddling in their affairs.

2024-06-25

BOK holds rate steady as U.S. inflation takes a slice out of hopes for Fed cut

The Bank of Korea maintained the interest rate at 3.50 percent after worse-than-expected U.S. inflation data put a damper on hopes that the Federal Reserve will begin cutting the rate in June.

2024-04-12

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

Brace for Korea's inflation decline to be gradual, BOK warns

Pushing inflation to the target rate remains challenging due to uncertainties in the movements of international oil and raw material prices, said the Bank of Korea (BOK) Gov. Rhee Chang-yong on Wednesday.

2023-12-20

Fed's rate-pause guess is overstated, ex-U.S. treasury secretary says

The U.S. Federal Reserve's rate hike may not have come to an end given strong economic performance, although the long-term neutral interest rate will come down to a 2 percent range, former U.S. Treasury Secretary Lawrence Summers said Monday.

2023-11-06

Bank of Korea warns of rate increase amid rising household debt

Bank of Korea Governor Rhee Chang-yong warned that a policy rate increase may be necessary if household debt continues to rise. Despite recent loan regulations, household loans increased by 4.9 trillion won in September.

2023-10-23

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

BOK urges structural reforms to maintain 2 percent growth

Bank of Korea (BOK) Gov. Rhee Chang-yong stressed the need for Korea to maintain at least 2 percent growth in the long term through structural reform in the labor sector, and by utilizing female and immigrant workers amid the aging society.

2023-10-13