The Bank of Korea left its benchmark interest rate unchanged on Friday, as policymakers closely monitor rising inflationary pressures and downside risk to growth amid heightened geopolitical tensions. The Monetary Policy Board of the Bank of Korea decided to leave the Base Rate unchanged at 2.50 percent.
The central bank had previously lowered the benchmark rate by a quarter-point each in May and February 2025.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.