Monetary Policy Decision
The Monetary Policy Committee of the Bank of Korea decided today to maintain the Base Rate at its current level (2.00%) for the intermeeting period.
Domestic economic activity has continued on a recovering trend, which is expected to be maintained. Exports and domestic demand have continued to increase thanks to the progress of global economic situation. There still, however, remains uncertainty as to the economic growth path due to the risk of delay in a full-fledged recovery of the major advanced economies.
Consumer price inflation has accelerated its rising pace, led by petroleum products and is anticipated to be further heightened temporarily by the influence of the heavy snowfalls. The upward trend of real estate prices has slowed.
In the financial markets, long-term and short-term market interest rates and stock prices have shown a sharp run-up in line with the improvements in economic activity. Mortgage lending has grown on a steady scale.
Looking ahead, the Committee will maintain the accommodative policy stance for the time being in such a way as to help sustain the trend of recovery in economic activity.












