Skip to main content

Korean interest rates to remain on hold until mid-2015

The decision by the Bank of Korea (BoK) to leave interest rates on hold today at 2.0% comes despite the recent weakness of the Japanese yen against the won, which had led to some calls for more rate cuts.  Currency concerns will linger, but we think the BoK's rate cutting cycle is over, given the recovery in the economy and that the increasing urgency to bring down growth in household debt.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.

By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.