South Korea holds rates as Trump tariffs heighten economic risks

South Korea holds rates as Trump tariffs heighten economic risks

By Cynthia Kim and Jihoon Lee SEOUL (Reuters) – South Korea’s central bank left its policy interest rate unchanged as expected on Thursday, a decision designed to aid a wobbly won as Washington’s attempts to reorder global trade by imposing sweeping tariffs threaten to damage economic growth. The Bank of Korea’s seven-member board held its benchmark interest rate at 2.75% at its monetary policy review, an outcome expected by 24 of 37 economists …

South Korea holds rates as Trump tariffs stoke economic risk

SEOUL (Reuters) -- South Korea's central bank left its policy interest rate unchanged as expected on Thursday, a decision designed to aid a wobbly won

BOK holds key rate steady amid weak currency, Trump tariffs

Korea's central bank kept its benchmark interest rate unchanged Thursday in a bid to support the wobbly currency and ensure financial stability, while adopting a cautious stance amid heightened uncert...

BOK Holds Rate Steady After Inflation Sped Up and Won Wobbled

The Bank of Korea held its benchmark interest rate steady to foster stability after consumer inflation unexpectedly picked up and the won weakened to a 16-year-low as Donald Trump’s tariff campaign rattled markets and clouded the growth outlook.

South Korea proposes 12.2 trillion won extra budget to underpin growth amid tariff turmoil

South Korea’s government proposed on Friday (Apr 18) a supplementary 12.2 trillion won (S$11.3 billion) budget to counter heightening risks to economic growth in the face of a global trade war and domestic political uncertainty.

'Unprecedented' tariff uncertainty to hit S. Korea's growth: central bank

South Korea’s central bank chief said Thursday that annual growth is expected to fall short of a recent forecast due to sweeping US tariffs and the fallout from the ex-president’s martial law declaration. US President Donald Trump’s threatened 25 percent “reciprocal” tariffs on the export-dependent South Korea have rattled Asia’s fourth-largest economy, sending Seoul-listed shares tumbling and pushing the currency to its weakest level since 2009…