The Bank of Korea's monetary policy board on Friday kept the nation's benchmark interest rate unchanged at the record low 1.50 percent - in line with expectations.
The central bank had trimmed rates by 25 basis points in both its June and March meetings. That followed quarter-point cuts in October and August - before which the central bank had kept the rate unchanged for 14 straight meetings.
The BoK was satisfied that the threat of deflation had been addressed by the rate cut in June as consumer prices held steady at 0.7 percent.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.