Bank of Korea

South Korea keeps rates steady as FX risks limit easing scope

[SEOUL] South Korea’s central bank kept interest rates unchanged as widely expected on Thursday as a tumbling won reduced the scope for further easing and policymakers waited to see how the government...

South Korea’s economy has shown resilience in the face of Donald Trump’s 15% tariffs on imports from Korea, supported by strong semiconductor demand.

Seoul apartment prices regain momentum ahead of BOK meeting

The central bank has repeatedly warned that real estate-linked leverage poses one of the biggest threats to financial stability

Economists are divided over whether the BOK will lower rates at its final policy meeting of the year on Nov 27.

South Korea’s inflation picks up, backing case for BOK rate hold

The won is the second-weakest performing Asian currency versus the US dollar since Oct 1

Lee says that South Korea is heading down a similar path to Japan previously, with home prices among the highest in the world.

South Korea faces property ‘ticking bomb’ as Lee backs BOK hold

Apartment prices in Seoul have climbed for 38 consecutive weeks as at Oct 20

South Korea’s GDP growth is already projected to slump this year to its weakest pace since the pandemic.

South Korea property rally builds, keeping central bank on guard

The Bank of Korea has lowered rates four times since October 2024

South Korea is projected to post the slowest economic growth this year since 2020.

South Korea keeps rates on hold but surprises with nod to further cuts

Since October 2024, the BOK has cut interest rates a cumulative 100 basis points

China set the renminbi’s reference rate at the strongest level in a year on Thursday.

Asia’s major economies step up currency defence as trade war intensifies

Unlike past episodes, the latest show of strength comes as the US dollar struggles to extend gains

Apartment prices in Seoul rose 0.27% in the week ended Sep 29, compared with a 0.19 per cent increase in the previous week.

South Korea’s property market rally clouds case for central bank rate cut

Some deals have been done at prices exceeding current market values

At its Aug 28 meeting, the BOK voted 6-1 to keep unchanged its benchmark interest rate at 2.5 per cent, in line with expectations.

South Korea central bank to expand forward guidance on policy rate path

[SEOUL] The Bank of Korea (BOK) plans to expand its forward guidance scheme by offering a dot plot of the likely path of future interest rates to better communicate monetary policy to market participa...