Bank of Korea on hold amid policy dilemma

Strong won and benign inflation likely to keep the BoK on hold in the first half of 2018

Bank of Korea, Seoul
Bank of Korea leaves key interest rate unchanged at 1.5% but turns more positive on growth

South Korea’s central bank left its key interest rate on hold today, as policymakers grapple with divergent demands from inflation, growth and the exchange rate.

At its money policy board meeting today (January 18), the Bank of Korea kept the benchmark seven-day repurchase rate at 1.5%, as had been broadly expected, after lifting it for the first time in more than six years at its last meeting, in November.

The central bank also upgraded the GDP forecast to 3% in 2018, from 2.9%, citing

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.