Bank of Korea Holds Interest Rates Steady for Seventh Consecutive Meeting Amid Middle East Crisis
Deep News
Apr 10
The Bank of Korea maintained its benchmark interest rate on Friday, adopting a cautious stance as uncertainty in the Middle East prompted it to balance risks from inflation, a weak currency, and slowing economic growth.
At its latest rate-setting meeting in Seoul, the Monetary Policy Board (MPB) kept the base rate unchanged at 2.5%.
This marks the seventh consecutive meeting in which the Bank of Korea has held interest rates steady, even as it remains in an easing cycle.
The central bank began implementing accommodative monetary policy in October 2024 and has since lowered the benchmark rate by a total of 100 basis points from 3.5% to support economic growth. However, it has kept rates unchanged since July 2025.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.