Bank of Korea
Bank of Korea governor says interest rates to be raised ‘on time’
The central bank targets inflation at 2% in the medium term
South Korea inspects major FX banks for destabilising won trades
Its Customs Service uncovers 415.4 billion won in illegal FX transactions at 38 firms between January and May
Asian central banks turn hawkish as AI and oil shocks hit region
Policymakers are confronting a rare mix of cost-push and demand-driven inflation pressures
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
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
South Korea’s current account surplus surges to record on chips
The services account has posted a US$1.3 billion deficit
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
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
South Korea holds rates steady as Iran war fans inflation, growth risks
Analysts expect no changes in the policy rate this year
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
