BoK pauses again as inflation slows

Governor Rhee Chang-yong warns against expectations of a rate cut this year

Bank of Korea, Seoul
Bank of Korea, Seoul

The Bank of Korea kept its policy rate unchanged for the second straight meeting today (April 11), as inflation eased.

The central bank’s monetary policy board unanimously decided to leave the base rate unchanged at 3.5%. The BoK has raised interest by 300bp in total since it started tightening in August 2021. It held its policy rate steady in its February meeting.

“It is forecast that inflation will remain above the target level for a considerable time although it is projected to continue to

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 or view our subscription options here:

You are currently unable to copy this content. Please contact 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