FX.co ★ South Korea Keeps Interest Rates on Hold

The Bank of Korea kept its benchmark interest rate unchanged at 2.5% for a seventh consecutive meeting in April 2026, in line with market expectations, as policymakers evaluated the impact of the war in Iran on domestic cost pressures. Annual inflation rose to 2.2% in March 2026 from 2.0% in each of the previous two months, reaching its highest level since last December and exceeding the central bank’s 2% target.