BOK holds key rate steady for 7th straight meeting amid Middle East uncertainty
Yonhap News
Oh Seok-min
KO
2026-04-10 09:55
SEOUL, April 10 (Yonhap) -- South Korea's central bank kept its benchmark rate u...
SEOUL, April 10 (Yonhap) -- South Korea's central bank kept its benchmark rate unchanged Friday, as uncertainty in the Middle East prompted a cautious stance amid two-sided risks of inflation, currency weakness and slower growth.
In a widely anticipated decision, the Monetary Policy Board of the Bank of Korea (BOK) held the key rate steady at 2.5 percent in its latest rate-setting meeting in Seoul.
It marked the seventh consecutive on-hold decision, even as the central bank remains in an easing cycle.
The BOK began monetary easing in October 2024 and has cut the benchmark interest rate by a cumulative 100 basis points from 3.5 percent to support economic growth, but it has kept it unchanged since July 2025.
graceoh@yna.co.kr(END)
In a widely anticipated decision, the Monetary Policy Board of the Bank of Korea (BOK) held the key rate steady at 2.5 percent in its latest rate-setting meeting in Seoul.
It marked the seventh consecutive on-hold decision, even as the central bank remains in an easing cycle.
The BOK began monetary easing in October 2024 and has cut the benchmark interest rate by a cumulative 100 basis points from 3.5 percent to support economic growth, but it has kept it unchanged since July 2025.
graceoh@yna.co.kr(END)
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