Data base date: April 10, 2026
The Monetary Policy Committee of the Bank of Korea maintained the base interest rate in April at 2.50% per annum. It was judged that there was a need to monitor the situation further as the upward pressure on prices and the downward pressure on growth increased simultaneously in rapidly changing external conditions.
The Bank of Korea explained that while the effects of semiconductor exports and the supplementary budget could help growth, rising energy prices and supply disruptions could be a burden on both the economy and prices. Freezing interest rates is interpreted as a choice to preserve policy capacity in times of great uncertainty.
From the perspective of households and businesses, they must look not only at changes in lending interest rates but also movements in exchange rates, international oil prices, and raw material prices. The future interest rate path is also likely to be determined by combining external circumstances and domestic financial stability rather than a single indicator.
Data source: Bank of Korea monetary policy direction (2026.4.10)