๐Ÿ‡ฐ๐Ÿ‡ท

Bank of Korea

KRW ยท Official Website

Latest Statement

โš–๏ธ Neutral
Monetary Policy Decision & Opening Remarks to the Press Conference (July 16, 2026)
2026-07-16

The Bank of Korea's monetary policy decision on July 16, 2026, emphasizes a cautious approach amid ongoing economic uncertainties. The central bank aims to balance inflation control with supporting economic growth, indicating a readiness to adjust policy as necessary based on evolving economic conditions.

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 Yield4.18%
2y10y Spread+1.53%
HISTORICAL TRENDS
Policy Rate
3.502.50
FX Rate
2k1k
CPI
5.090.38
GDP
4.61-0.70
10Y Yield
4.182.66
2Y-10Y Spread
Stance
50.00.00

Key Commodities

Top traded commodities for South Korea

Commodity Price 1D 30D
Brent Crude Oil 81.62 USD/barrel +9.8% -17.0%
Copper 13,552.04 USD/mt +0.3% +61.2%

Recent Statements

Interest Rates (May 2026) โš–๏ธ Neutral
2026-06-26
Minutes of the Monetary Policy Board Meeting (May 2026) โš–๏ธ Neutral
2026-06-16
Interest Rates (April 2026) โš–๏ธ Neutral
2026-05-29
Monetary Policy Decision & Opening Remarks to the Press Conference (May 28, 2026) โš–๏ธ Neutral
2026-05-28
โ† Back to all indicators