BOK Holds Rate Steady While Projecting No Moves for Six Months

South Korea’s central bank kept its benchmark interest rate unchanged and signaled that it doesn’t expect to change policy over the next six months, as upgraded forecasts for both economic growth and inflation give policymakers time to monitor risks.

The Bank of Korea held its seven-day repurchase rate at 2.5% in a unanimous vote on Thursday, extending a pause that began in July last year after four rate cuts since October 2024. The decision matched the expectations of all 22 economists surveyed by Bloomberg.