Tag: monetary tightening

monetary tightening

Latest News

Fed tightens after three years as high rates, inflation loom (KOR)

The Federal Reserve’s first rate hike in more than three years raises pressure on Korea to curb inflation, manage debt and rein in fiscal spending.

2026.9.18

Fed tightens after three years as high rates, inflation loom

The Federal Reserve’s first rate hike in more than three years raises pressure on Korea to curb inflation, manage debt and rein in fiscal spending.

2026.9.17

Most popular

Bank of Korea (BOK) Senior Deputy Gov. Ryoo Sang-dai speaks in a press conference at the BOK office in central Seoul on Wednesday. [JOINT PRESS CORPS]

BOK rules out further tightening amid 'temporary' volatility

Bank of Korea (BOK) Senior Deputy Governor Ryoo Sang-dai ruled out further monetary tightening, saying recent volatility in the financial market was only temporary.

2023.10.6

Shipping containers are stacked up at a port in Busan on Aug. 1 [JOONGANG PHOTO]

OECD maintains Korea's 1.5% growth forecast

The OECD has maintained Korea's growth forecast at 1.5 percent due to uncertainties caused by inflation and slowing Chinese growth. The inflation estimate for Korea remains at 3.4 percent for this year.

2023.9.19

Pedestrians walk along the streets of Yeouido in western Seoul in June. [YONHAP]

Korea's GDP growth expected to fall short of 2% in 2024

The growth of Korea’s GDP is likely to linger at 1 percent in 2023 and 2024 according to foreign investment banks JP Morgan, HSBC, Citi, Nomura and UBS, bucking the government’s prediction for an economic rebound in the second half of this year.

2023.9.8

U.S. Federal Reserve headquarters in Washington [YONHAP]

BOK cautious on rate policy amid uncertainties

Korea will closely monitor the market, taking note of the possibility of further volatility in the financial markets here and abroad, the country's central bank said Thursday.

2023.7.27

A renewed Bank of Korea headquarters, center, in central Seoul on Monday. [BANK OF KOREA]

Bank of Korea blames interest rates for rental frauds

The Bank of Korea Governor Rhee Chang-yong said the central bank’s monetary policy is partly responsible for the recent spate of housing fraud.

2023.4.24

Electronic sign boards at Hana Bank in central Seoul show markets on Friday. [YONHAP]

Won falls to 2023 lows as inflation and rates remain concerns

The won fell to 2023 lows against the dollar as inflation remains high and ahead of a rate-setting meeting in the United States.

2023.4.20

Bank of Korea Gov. Rhee Chang-yong speaks at a press conference held in central Seoul on Thursday following the Monetary Policy Board meeting held earlier in the same day. [BANK OF KOREA]

Korea takes a breather on rates and holds them steady

The Bank of Korea kept its policy rate unchanged at 3.50 percent on Thursday in a widely expected move that came as inflation remains stubbornly high and as economic uncertainties linger.

2023.2.23

Bank of Korea Gov. Rhee Chang-yong speaks at the National Assembly in Yeouido, western Seoul, on Tuesday. [NEWS1]

Inflation remains a priority for Bank of Korea governor

Monetary policy needs to focus on stabilizing inflation this year, while policy needs to be introduced designed to respond to economic uncertainties, according to the Bank of Korea Tuesday.

2023.2.21