Bank of Korea

Bank of Korea’s new chief reveals hawkish posture as price, FX risks grow

Central bank votes 5-2 to hold interest rates steady at 2.5%; analysts expect at least one rate hike by end-September

The Bank of Korea next sets policy on May 28, which will be governor Shin Hyun-song’s first rate decision since taking office in April.

Seoul apartment price rally gains pace ahead of Bank of Korea decision

The cost of units in the city are up 0.31% in the week ended May 18, the fastest weekly increase since Jan 26

The current-account surplus has reached US$37.3 billion in March, the largest monthly surplus on record.

South Korea’s current account surplus surges to record on chips

The services account has posted a US$1.3 billion deficit

 The central bank has kept its benchmark policy rate unchanged since July last year.

Top Bank of Korea official says it’s time to consider rate hike

The South Korean currency has recently touched its weakest level against the US dollar since the global financial crisis

Shin takes office at a time of heightened global volatility, as geopolitical tensions, shifting trade dynamics and rapid technological change reshape the economic landscape.

Bank of Korea’s new chief signals flexible policy amid oil risks

Shin Hyun-song also highlights a longer-term need to reassess the role of the central bank

On housing, expectations for price gains have eased following government measures, but persistent increases in Seoul and the surrounding areas continue to pose risks of financial imbalances.

Bank of Korea flags financial stability risks as Iran war fallout persists

The central bank will closely track developments in financial and foreign exchange markets

Consumer prices in South Korea rose 2 per cent in February from a year earlier, matching January’s pace, according to official statistics.

South Korea’s inflation holds steady at BOK target before Iran impact

SOUTH Korea’s headline inflation held steady at the central bank’s target level, suggesting overall price pressures remained contained before the Iran conflict triggered a wave of global energy volati...

The Bank of Korea’s seven-member monetary policy board voted to keep its benchmark interest rate unchanged at 2.50 per cent.

South Korea central bank holds policy rates steady as expected

[SEOUL] South Korea’s central bank kept policy interest rates unchanged on Thursday (Feb 26), as widely expected, as a chip boom in exports and steady inflation allow policymakers more time to assess ...

The central bank has repeatedly warned that looser financial conditions could reignite borrowing and exacerbate household-debt.

Bank of Korea likely to hold rate as inflation tame, growth steady

Inflation projections are broadly expected to remain near the bank’s 2% target