The Bank of Korea (BOK) held its key interest rate steady at 3.5% for the second consecutive time on Tuesday as inflation appears to be easing and concerns are rising over an economic slowdown. The BOK has held its key interest rate at 3.5% since February after hiking it seven consecutive times since April last year.
While the BOK expects inflation to remain above its target level, it also projects inflation to slow in the coming months. South Korea’s consumer price index rose 4.2% in March from a year earlier.
The Bank of Korea (BOK) held its key interest rate steady at 3.5% for the second consecutive time on Tuesday as inflation appears to be easing and concerns are rising over an economic slowdown. The BOK has held its key interest rate at 3.5% since February after hiking it seven consecutive times since April last year.
While the BOK expects inflation to remain above its target level, it also projects inflation to slow in the coming months. South Korea’s consumer price index rose 4.2% in March from a year earlier.
Get 30 days
of free access to
KoreaPro
-
Full access to all analysis
-
The KOREA PRO newsletter, every business day
-
Daily analysis on the top story of the day
-
The ability to suggest topics for coverage by our specialist team
Be smart about South Korea
Get full access to expert analysis and opinion.
Start
now
No charges during your trial. Cancel anytime. A paid subscription will start after 30 days.
© Korea Risk Group. All rights reserved.
No part of this content may be reproduced, distributed, or used for
commercial purposes without prior written permission from Korea Risk
Group.
SHARE
COPY LINK
X
MASTODON
