South Korea
Bank of Korea - Annual Report 2006
Korean growth edged up to 5% in 2006, from 4.2% the previous year.
Korea holds rates at 5%
The Bank of Korea's Monetary Policy Committee decided on Thursday to keep its call rate target at 5%.
Korea holds rates at highest level for six years
The Bank of Korea's rate-setting board decided to leave its benchmark rate at a six-year high of 5% on Thursday.
Bank of Korea admits to monetary policy problems
Lee Seong-tae, governor of Bank of Korea, said the central bank has problems in carrying out monetary policy effectively because of cross-border capital transactions that lead to increases in the money supply in spite of rises in key interest rates.
Ryback moves to Korean regulator
William Ryback, the former deputy chief executive of the Hong Kong Monetary Authority, is to join the Financial Supervisory Service (FSS), Korea's market regulator.
Korea looks to curb debt with surprise rate hike
The Bank of Korea raised its overnight call rate for the second time in as many months on Thursday in an effort to avoid household debt spiralling out of control.
Korea plans new high-denomination banknotes
The Bank of Korea has drawn up a pool of ten historic figures for the design of its new 50,000 and 100,000 won banknotes, scheduled to debut in early 2009.
Bank of Korea to restrict foreign borrowing
The Bank of Korea is about to impose new restriction on the amount of foreign currency borrowing South Korean companies can undertake.
Korea raises rates to tame money growth
The Bank of Korea lifted raised interest rates by a quarter percentage point to 4.75% on 12 July. It was the first increase in Korean rates since August 2006.
Deputy chief of Korean watchdog cleared
Kim Jung-Hoe, a deputy chief of South Korea's financial regulator, the Financial Supervisory Service, has been cleared by a court of receiving bribes from a businessman.
Korea's CPI rises 2.5% in a year
South Korea's consumer price index (CPI) rose to within the central bank's inflation target in June, according to preliminary figures from the country's National Statistical Office.
South Korea keeps key rate unchanged at 4.5%
The central bank of South Korea today decided to keep its key interest rate steady for the tenth month in succession, in an effort to boost economic recovery.
BOK says economy on modest growth track
The Bank of Korea left its key short-term rate unchanged at 4.5 percent on Thursday 12 April saying it expected the economy to maintain modest growth on recovering domestic consumption.
BOK running out of reserves
According to this article published by The Korea Times on Monday 26 February, the Bank of Korea is finding it increasingly difficult to boost its reserves as its losses grow.
BOK chief says reserves may go to overseas stocks
South Korea is considering investing part of its foreign reserves in overseas blue-chip stocks in an attempt to increase investment returns, Yonhap news agency cited the Bank of Korea chief as saying Thursday 8 February.
BOK targeting 2.5-3.5 percent inflation
The Bank of Korea aims to keep annual inflation between 2.5 percent and 3.5 percent for three years beginning this year, it said Monday 8 January.
BOK's Rhee says won to fall v dollar in 2007
South Korea's won ``has peaked'' according to a Bank of Korea official, and is poised to weaken versus the dollar in 2007.
BoK chief on financial supervision
In this speech, the governor of the Bank of Korea, Seong-tae Lee, suggests that financial reforms and stricter supervision standards ensured that the damage from the 2003 credit card crisis was minimal.
Korea raises reserve ratios
Korea's central bank will raise reserve requirements on short-term deposits by 40% next month, the governor, Lee Seong-tae, announced on Thursday.
BOK chief sees 2007 growth below 5 percent
Bank of Korea (BOK) governor Lee Seong-tae said Monday 23 October the country's economic growth will fall short of 5 percent next year due to the slowing global economy and sluggish domestic demand.
South Korea says has enough reserves if needed
South Korea has sufficient reserves to keep stability on the local currency market after North Korea said it tested a nuclear device on Monday 9 October, a senior central bank foreign exchange official told Reuters.
BOK apologises over driver, guards salaries
The Bank of Korea has apologized for giving high salaries to drivers and guards stationed at its headquarters and promised to streamline its organization, The Korea Herald reported Monday 2 October.
BOK chief says bond market closely monitored
Bank of Korea governor Lee Seongtae told a seminar Tuesday 26 September that the central bank is closely monitoring the bond market's movement, as its importance to the country's economy is growing.
Korea changes inflation target measure
Korea will target a new measure of inflation for 2007-2009, the central bank has said.