Bank of Korea holds rates at 2.75%
Growth sluggish and inflation on target but central bank needs more time to judge tariff effects
South Korea’s central bank today (April 17) paused its easing cycle again, as rising uncertainty from US tariffs put the need to stimulate growth on hold.
In a 6–1 vote, the Bank of Korea’s monetary policy board decided to leave the base rate at 2.75%. This was the second time the board had held rates since beginning an easing cycle last October.
In a statement, the board said domestic growth had been “weaker than expected” owing to “prolonged political uncertainties” and “deteriorated trade
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