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‚Äôs 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