![Central Banking](https://nginx.production.bb8-centralbanking.uk3.amazee.io/sites/default/files/styles/print_logo/public/2017-03/print-logo.png?itok=_maJqRIT)
Bank of Korea holds rate but signals possibility of future easing
Governor Rhee Chang-yong says the board can consider rate cut at “appropriate time” in the future
![Bank of Korea, Seoul Bank of Korea, Seoul](/sites/default/files/styles/landscape_750_463/public/2018-02/Bank-of-Korea-Seoul-sign-1.jpg.webp?h=1d164619&itok=1Zu-_LaR)
The Bank of Korea (BoK) held its policy rate for the 12th straight meeting today (July 11) while saying it would consider a rate cut at an “appropriate time”.
The BoK’s seven-member monetary policy board decided unanimously to keep the base rate at 3.5%, a level unchanged since January 2023. The board raised rates by a total of 300 basis points between August 2021 and January 2023 to curb inflation.
In a statement, the central bank said inflation has continued its slowing trend, mainly due to the
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com