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Finance

BOK holds base rate at 2.5 percent for sixth straight meeting, raises 2026 growth forecast

The Bank of Korea\'s Monetary Policy Board on Wednesday held the base interest rate at 2.5 percent for a sixth consecutive meeting. It said inflation is maintaining a stable trend around the target level and growth is improving more than expected, while financial stability risks persist. The board forecast 2026 economic growth at 2.0 percent, above its 1.8 percent estimate presented in November, and projected consumer inflation at 2.2 percent and core inflation at 2.1 percent.

Crypto

Govt to review digital asset exchange controls, push system overhaul

South Korea\'s government on Feb. 13 assessed that the possibility of increased digital asset price volatility directly spilling over into financial markets was limited. Finance minister Koo Yun-cheol chaired a market monitoring meeting with the heads of the central bank and financial regulators. Participants agreed to review digital asset exchanges\' overall internal controls and push fundamental制度 improvements while strengthening market surveillance. They also agreed to step up monitoring of the bond market, including government bonds.