Shin Hyun-song’s playbook: How new BOK chief diverges from his predecessor

Shin Hyun-song’s arrival as governor of the Bank of Korea (BOK) is poised to reshape Korea's monetary policy direction, with investors watching for a shift away from easing and a reassessment of the forces driving the won’s weakness.

2026-04-21

BOK flags stagflation risk in worst-case Iran war scenario

The Bank of Korea (BOK) said that a worst-case escalation of tensions in the Middle East could tip the economy into stagflation and held the benchmark interest rate steady for a seventh straight meeting.

2026-04-10

BOK taking data-driven approach to rate cuts, will closely watch inflation and forex

The central bank said Thursday it will decide whether and when to implement further interest rate cuts next year by taking into account inflation, economic growth and financial stability conditions.

2025-12-25

BOK hints at end to rate-cut cycle amid weak won, inflationary pressure

The Bank of Korea kept the base interest rate unchanged at 2.5 percent on Thursday as it signaled an end to the rate-cut cycle amid a depreciating won and inflationary concerns.

2025-11-27

2 new BOK monetary policy board members nominated

The central bank has put forward an economics professor at Seoul National University and a former Bank of Korea deputy governor to replace two outgoing members.

2024-04-19

Rate cut unlikely to boost home prices, BOK official says

A potential rate cut from the Bank of Korea is unlikely to stoke real estate prices, a member of the Korean central bank's Monetary Policy Board said Tuesday.

2024-03-26

Finance Ministry calls for vigilance in wake of Fed's rate freeze

Finance Minister Choi Sang-mok urged financial authorities to carefully monitor and prepare responses to the rate decisions by both the U.S. Federal Reserve and the Bank of Japan.

2024-03-21

BOK keeps rate unchanged at 3.5% for ninth straight meeting

The universally expected move comes after the U.S. Federal Reserve indicated last month that a cut to its rake is not likely until June.

2024-02-22

Rates likely to be frozen for months, BOK says

The chance of any further rate increases has grown weak as the rate is already high and inflation is slowly yet continuously easing, said the Bank of Korea (BOK) as it kept the interest rate steady at 3.50 percent.

2024-01-11

BOK freezes interest rates for eighth straight meeting

The Bank of Korea (BOK) kept interest rates unchanged at 3.50 percent for the eighth straight meeting on Thursday.