Bank of Korea held rates at 2.50% in a 5-2 split vote as two members pushed for a hike, citing GDP growth and inflation running above forecasts.

The benchmark rate for banks' mortgage rates increased for a second consecutive month in May amid expectations that the central bank may raise its...

Bank of Korea held rates at 2.50% in a 5-2 split vote as two members pushed for a hike, citing GDP growth and inflation running above forecasts.

Bank of Korea raised its 2026 growth forecast to 2.6% and inflation projection to 2.7% as AI-driven semiconductor exports surge, complicating monetary

The U.S. Federal Reserve's hawkish signal has reinforced expectations that the Bank of Korea (BOK) will raise interest rates as early as next month...