BOK holds base rate at 2.5% amid Middle East uncertainties
The Bank of Korea (BOK) kept its benchmark interest rate steady at 2.5 percent, Thursday, as lingering uncertainty in the Middle East prompted policymakers to take a cautious stance.
In a widely expected decision, the central bank's Monetary Policy Board held the key rate steady at its latest policy meeting.
The decision marked the eighth consecutive hold, despite growing expectations that the central bank could shift toward tighter policy later this year.
The meeting marked Gov. Shin Hyun-song's first rate-setting session since he took office on April 21.
BOK Raises Korea Growth Forecast
- BOK lifts 2026 growth forecast to 2.6% from 2% on strong chip exports Korea Times —
- BOK holds key rate steady for 8th straight meeting amid Middle East uncertainty The Korea Herald —
- BOK lifts S. Korea's growth forecast to 2.6 pct for this year amid robust chip-driven exports UPI —
- BOK lifts S. Korea's growth forecast to 2.6% for this year amid robust chip-driven exports The Korea Herald —