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Bank of Korea

KRW · Official Website

Latest Statement

⚖️ Neutral

Monetary Policy Decision & Opening Remarks to the Press Conference (May 28, 2026)

2026-05-28

The Bank of Korea's monetary policy decision on May 28, 2026, emphasizes a cautious approach to interest rate adjustments in response to ongoing economic uncertainties. The central bank aims to support economic recovery while monitoring inflationary pressures closely.

The Bank of Korea decided to maintain the current interest rate amid mixed economic signals.
Inflation remains a concern, with the central bank committed to addressing any upward pressures.
The bank will continue to assess domestic and global economic conditions before making future policy changes.

Bank Profile

Mandate

Price stability (2% CPI), financial stability

Decision Types

Base Rate, Open market operations, Lending facilities

Policy Instruments

Base Rate, Aggregate Credit Ceiling Loans, Open market operations, Reserve requirements

Target Indicators

CPI inflation (2%), Core inflation, Output gap, Financial stability indicators

Communication Style

Detailed monetary policy statements, board member dissent visible, press conferences

Committee

Monetary Policy Board - 7 members (Governor, Senior Deputy Governor, 5 members)

Economic Indicators

Policy Rate	2.50%
USD/KRW	1516.65
GDP Growth	3.2%
M2 Growth	5.8%
10Y Yield	3.74%
2y10y Spread	+1.09%

HISTORICAL TRENDS

Policy Rate

FX Rate

CPI

GDP

10Y Yield

2Y-10Y Spread

Stance

Key Commodities

Top traded commodities for South Korea

Commodity	Price	1D	30D
Brent Crude Oil	116.73 USD/barrel	+2.4%	-2.4%
Copper	12,528.71 USD/mt	-3.3%	+51.4%

Recent Statements

Monetary Policy Report (March 2026) ⚖️ Neutral

2026-05-20

Interest Rates (March 2026) ⚖️ Neutral

2026-04-28

Monetary Policy Decision & Opening Remarks to the Press Conference (April 10, 2026) ⚖️ Neutral

2026-04-10

Interest Rates (February 2026) ⚖️ Neutral

2026-03-27

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