Korea Monetary Policy

Korea

Korea: Central Bank keeps rate on hold

June 8, 2012

At its 8 June monetary policy meeting, the Bank of Korea (BoK) kept the Base Rate unchanged at 3.25% in a decision that was in line with market expectations. Monetary officials have now remained on hold for a full year, after last tightening the reins in June 2011. At the current level, the policy rate sits at its highest point since November 2008. In the accompanying statement, the BoK continued to highlight the sluggishness in the performance of Euro area economies, in addition to signs of moderation in emerging markets. That said, the Bank believes that the Korean economy


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Korea Monetary Policy May 2012

Note: BoK Base Rate in %.
Source: Bank of Korea (BoK).


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