South Korea holds rates as Trump tariffs stoke economic risk

Market reaction to decision is muted, won briefly trims losses

20250417 bank of korea

The Bank of Korea's seven-member board held its benchmark interest rate at 2.75% on April 17, an outcome expected by 24 of 37 economists polled by Reuters.  © Reuters

SEOUL (Reuters) -- South Korea's central bank left its policy interest rate unchanged as expected on Thursday, a decision designed to aid a wobbly won as Washington's attempts to reorder global trade by imposing sweeping tariffs threaten to damage economic growth.

The Bank of Korea's seven-member board held its benchmark interest rate at 2.75% at its monetary policy review, an outcome expected by 24 of 37 economists polled by Reuters.

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