ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Bank of Korea holds rates steady, may not resume tightening

Central bank decision to stand pat at 3.5% in line with market forecasts

Bank of Korea Gov. Rhee Chang-yong: South Korea's central bank held interest rates unchanged on Feb. 23.   © Reuters

SEOUL (Reuters) -- South Korea's central bank held interest rates steady on Thursday and said the monetary tightening campaign it began 18 months ago would not resume if inflation followed an expected path toward moderation.

It was time to stop and watch until the uncertainties were resolved, Bank of Korea Gov. Rhee Chang-yong told reporters after the central bank left its policy interest rate unchanged at 3.50%.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more