Korean monetary policy
Bank of Korea
May 13, 2016
The South Korean central bank base rate has been left at 1.5%, the level since a 25-basis point cut in June 2015 culminated a percentage point of easing over nine months. A released statement from the policy board again projected modest domestic demand-led growth with a high level of externally-related uncertainty. Scope for cutting rates […] More
Bank of Korea Releases Dovish Statement
January 11, 2013
The Bank of Korea became the fifth central bank in two days to leave its stance unchanged. The seven-day Korean repo rate was left at 2.75% for a third straight time following this month’s meeting of the Monetary Policy Committee. The statement released by authorities leaves the door open to another rate cut, however, by […] More
Bank of Korea: No Change Again in Key Interest Rate
June 8, 2012
The last change in the South Korea’s seven-day repo rate came one year ago and culminated a sequence of five 25-basis point increases made in July 2010, November 2010, January 2011, March 2011 and June 2011. Over that period, the key rate climbed from 2.0%, the Great Recession low, to 3.25%, its current and continuing […] More
