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Bank of Korea

KRW ยท Official Website

Latest Statement

โš–๏ธ Neutral
Monetary Policy Decision & Opening Remarks to the Press Conference (April 10, 2026)
2026-04-10

The Bank of Korea has decided to maintain its current monetary policy stance, emphasizing the need for continued monitoring of economic conditions and inflation trends. The central bank remains committed to supporting economic recovery while ensuring price stability.

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 Rate2.50%
USD/KRW1516.65
GDP Growth3.2%
M2 Growth5.8%
10Y Yield3.61%
2y10y Spread+0.96%
HISTORICAL TRENDS
Policy Rate
3.502.50
FX Rate
2k1k
CPI
5.090.38
GDP
4.61-0.70
10Y Yield
4.272.66
2Y-10Y Spread
Stance
50.00.00

Key Commodities

Top traded commodities for South Korea

Commodity Price 1D 30D
Brent Crude Oil 127.61 USD/barrel +6.7% +74.4%
Copper 12,951.34 USD/mt -0.3% +55.1%

Recent Statements

Interest Rates (February 2026) โš–๏ธ Neutral
2026-03-27
Minutes of the Monetary Policy Board Meeting (February 2026) โš–๏ธ Neutral
2026-03-17
โšก Rate
โ†‘0 โ†“0 โ†’1
๐Ÿ“ Classified Sentences
โšก Rate Holdmp_interest_rate
"All members agreed that, taking into account overall domestic and global financial and economic conditions, it would be appropriate to maintain the Base Rate at its current level of 2.50% until the next Monetary Policy Board meeting."
Interest Rates (January 2026) โš–๏ธ Neutral
2026-02-27
Monetary Policy Decision & Opening Remarks to the Press Conference (February 26, 2026) โš–๏ธ Neutral
2026-02-26
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