The Bank of Korea left its interest rate unchanged on Thursday as economic growth improved moderately despite high uncertainty surrounding the outlook.
The Monetary Policy Board decided to hold the Base Rate at 2.50 percent.
The central bank had previously lowered the benchmark rate by a quarter-point each in May and February.
Policymakers cautioned that development in housing prices in Seoul and its surrounding areas and in household debt need to be monitored as expectations for rising prices remain high.
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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.