Tag: rhee chang-yong

rhee chang-yong

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Outgoing Bank of Korea governor urges broader role in economic stability efforts

Outgoing Bank of Korea (BOK) Gov. Rhee Chang-yong said Monday that achieving economic stability and growth through monetary and fiscal policy alone has become increasingly difficult.

2026.4.20

Bank of Korea Gov. Rhee Chang-yong speaks to reporters at the central bank in central Seoul following the monetary policy board meeting on Feb. 26. [BOK]

BOK raises growth forecast to 2% while holding rate steady

The Bank of Korea on Thursday raised its growth forecast for this year from 1.8 percent to 2 percent, citing robust semiconductor exports, while keeping the benchmark interest rate unchanged for the sixth consecutive meeting.

2026.2.26

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Finance Minister Koo Yun-cheol, second from right, poses with Financial Services Commission vice chief Kwon Dae-young, left, Bank of Korea Gov. Rhee Chang-yong, second from left, and Financial Supervisory Service Gov. Lee Chan-jin during a meeting to check financial markets at the Hall of Banks in Seoul on Jan. 8. [YONHAP]

Financial authorities say Korean won's sharp weakness eased, yet volatility remains

Top financial authorities said Thursday that excessive depreciation of the Korean won has eased somewhat since the end of last year, but the country's foreign exchange market continues to show high volatility.

2026.1.8

Bank of Korea Gov. Rhee Chang-yong speaks during a meeting marking the New Year at the central bank's headquarters in Jung District, central Seoul, on Jan. 2. [BANK OF KOREA]

BOK chief warns of imbalanced recovery with outsize growth of chips

Gov. Rhee Chang-yong expressed concern on Friday about a “K-shaped recovery” in the economy while warning that growth outside of certain sectors like semiconductors remains sluggish.

2026.1.2

Bank of Korea Gov. Rhee Chang-yong speaks at a press conference held after the Monetary Policy Board decided to hold the rate steady at 2.5 percent on Nov. 27. [BANK OF KOREA]

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

Bank of Korea Gov. Rhee Chang-yong holds a conversation with IMF Managing Director Kristalina Georgieva at the IMF headquarters in Washington on Sept. 18. [YONHAP]

BOK chief says inflation targeting a 'good' tool to 'shrug off' political pressure

Bank of Korea Gov. Rhee Chang-yong called inflation targeting is a "good" tool to "shrug off" political pressure, as the U.S. Federal Reserve has been under pressure from U.S. President Donald Trump to lower the key lending rate to boost the economy.

2025.9.19

Bank of Korea (BOK) Governor Rhee Chang-yong speaks during a press conference at the BOK headquarters in Jung-gu, central Seoul, on Aug. 28. [JOINT PRESS CORPS]

Bank of Korea governor to speak at IMF event this week

Bank of Korea (BOK) Gov. Rhee Chang-yong will depart for Washington this week to deliver a lecture at a prestigious annual event hosted by the International Monetary Fund (IMF), the central bank said Tuesday.

2025.9.16

Bank of Korea Gov. Rhee Chang-yong speaks in a press conference following the Monetary Policy Board meeting held in the bank's building in central Seoul on Thursday. [BANK OF KOREA]

BOK signals cuts on the horizon after holding rate at 2.5%

The Bank of Korea will continue its rate-cut cycle through the first half of next year, as the country’s economic growth is projected to stay below its potential, the central bank said after announcing that the rate will hold steady at 2.5 percent.

2025.8.28

Crossing the line when needed

The presidential office must back the administration so that government ministers can successfully do their job, rather than meddling in their affairs.

2024.6.25

Bank of Korea Gov. Rhee Chang-yong at the Monetary Policy Board meeting in central Seoul on Friday. [JOINT PRESS CORPS]

BOK holds rate steady as U.S. inflation takes a slice out of hopes for Fed cut

The Bank of Korea maintained the interest rate at 3.50 percent after worse-than-expected U.S. inflation data put a damper on hopes that the Federal Reserve will begin cutting the rate in June.

2024.4.12