South Korea's central bank retained its key interest rate for the seventh straight meeting and raised its inflation projections citing higher cost pressures.
The Monetary Policy Board of the Bank of Korea, governed by Rhee Chang-yong, decided to retain the key base rate at 3.50 percent.
As inflation is projected to be higher than previously forecast and economic growth continues to improve, policymakers decided to maintain a restrictive policy stance for a sufficiently long period of time.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.