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South Korea freezes rates in first meet under President Moon

South Korea freezes rates in first meet under President Moon

BOK Governor and six other policy board members decided to keep the seven-day repurchase rate on hold at an all-time low of 1.25 percent. 

Bank of Korea holds interest rate at record low

South Korea`s central bank left its benchmark interest rate unchanged at a record low of 1.5 percent Thursday, as officials monitor the economic fallout from an outbreak of the MERS virus.

South Korea inflation at 0.5%, deflation fears persist

South Korea`s inflation rate remained way below the central bank`s target range in May as low crude oil prices depressed consumer price gains, government data showed Tuesday.

Japan, S. Korea to end currency swap pact: BOK

The $10 billion agreement, originally set up in 2001 and aimed at helping tide one another over financial crises, will end February 23, the central bank said in a statement.

S. Korea keeps key rate at 2% in November

The decision came after the Bank of Korea cut the overnight inter-bank lending rate twice in August and October.

S Korea, Australia sign $4.5 bn currency swap deal

South Korea and Australia signed Sunday a currency swap deal worth USD 4.5 billion, Seoul`s central bank said, in a move to boost trades and help curb currency swings.

South Korea's foreign reserves fall

Foreign reserves were USD328.1 billion as of the end of May, down from USD328.8 billion in the prior month, according to the Bank of Korea (BOK).

South Korea cuts interest rates

South Korea's central bank unexpectedly cut its benchmark interest rate by 25 basis points to 2.5 percent Thursday, altering the policy rate for the first time in seven months.

South Korea's consumer confidence hits eight-month high

Confidence among South Korean consumers rose to an eight-month high in January as the Asia's No.4 economy showed signs of bottoming out, Bank of Korea (BOK) said in a statement Monday.

South Korean central bank freezes key interest rate

Bank of Korea, South Korea's central bank, froze its benchmark interest rate at 3 percent.

South Korea's current account surplus hits new high

Current account surplus reached USD 6.1 billion in July, up from a revised surplus of USD 5.88 billion tallied in the previous month, according to the Bank of Korea (BOK).

South Korea's central bank lowers 2012 growth outlook

South Korea's central bank Monday lowered its economic growth outlook for 2012 to 3.5 percent from an earlier estimate of 3.7 percent due to deteriorating terms of trading and slower export growth amid the lingering uncertainties in the euro area.

South Korea's consumer price growth hits 14-month low

South Korea's consumer price growth hit a 14-month low in February, alleviating concerns that high consumer price inflation may affect the overall economic recovery negatively, a government report showed Friday.