South Korea's central bank left its key interest rate unchanged for the third straight meeting on Thursday but the bank chief signaled that more rate hikes cannot be ruled out due to the persistent inflation.
The Monetary Policy Board of the Bank of Korea, headed by Governor Rhee Chang-yong, unanimously decided to keep the Base Rate unchanged at 3.50 percent.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.