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.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.