key interest rate Archives

BOK Tipped to Hike Key Rate in May or July

SEOUL, Feb. 28 (Korea Bizwire) — South Korea’s central bank is expected to raise its key interest rate in May or July in an effort to cope with rising U.S. rates, analysts said Wednesday. In a widely expected move, the monetary policy board of the Bank of Korea (BOK) held the base rate steady at [...]

Further Rate Cut Possible, BOK Governor Says

“I do believe there exists the lowest limit for the nominal interest rate, but we cannot say the current rate has reached such a limit. Kore may need to further reduce the key rate depending on how the global economic condition develops in the future.” “I only said the key rate has not reached the [...]