Bank of Korea maintained its key interest rate on Tuesday but signaled a rate hike as early as in November to rein in high inflation and household debt.
The Monetary Policy Board of the Bank of Korea decided to leave its base rate unchanged at 0.75 percent. The bank had raised its rate by a quarter-point in August. Governor Lee Ju-yeol said the bank can consider hiking key rate at the next meeting should the economic recovery proceed as expected.
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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.