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Chronology: Bank of Korea holds rates steady in Feb, as expected
February 23, 2017 / 1:16 AM / 9 months ago

Chronology: Bank of Korea holds rates steady in Feb, as expected

SEOUL (Reuters) - South Korea’s central bank kept interest rates unchanged for an eighth straight month on Thursday, opting for stability as it monitors uncertainties ranging from global policy challenges through North Korean missile tests to a political scandal at home.

The following is a chronology of the Bank of Korea’s main policy rate changes since it began setting the policy rate target in May 1999:

- - - -

June 9, 2016 Down 25 bp to 1.25 percentJune 11, 2015 Down 25 bp to 1.50 percentMarch 12, 2015 Down 25 bp to 1.75 percentOct. 15, 2014 Down 25 bp to 2.00 percentAug. 14, 2014 Down 25 bp to 2.25 percentMay 9, 2013 Down 25 bp to 2.50 percentOct. 11, 2012 Down 25 bp to 2.75 percent July 12, 2012 Down 25 bp to 3.00 percent June 10, 2011 Up 25 bp to 3.25 percent March 10, 2011 Up 25 bp to 3.00 percent Jan. 13, 2011 Up 25 bp to 2.75 percent Nov. 16, 2010 Up 25 bp to 2.50 percent July 9, 2010 Up 25 bp to 2.25 percent Feb. 12, 2009 Down 50 bp to 2.00 percent Jan. 9, 2009 Down 50 bp to 2.50 percent Dec. 11, 2008 Down 100 bp to 3.00 percent Nov. 7, 2008 Down 25 bp to 4.00 percent *Oct. 27, 2008 Down 75 bp to 4.25 percent Oct. 9, 2008 Down 25 bp to 5.00 percent Aug. 7, 2008 Up 25 bp to 5.25 percent Aug. 9, 2007 Up 25 bp to 5.00 percent July 12, 2007 Up 25 bp to 4.75 percent Aug. 10, 2006 Up 25 bp to 4.50 percent June 8, 2006 Up 25 bp to 4.25 percent Feb. 9, 2006 Up 25 bp to 4.00 percent Dec. 8, 2005 Up 25 bp to 3.75 percent Oct. 11, 2005 Up 25 bp to 3.50 percent Nov. 11, 2004 Down 25 bp to 3.25 percent Aug. 12, 2004 Down 25 bp to 3.50 percent July 10, 2003 Down 25 bp to 3.75 percent May 13, 2003 Down 25 bp to 4.00 percent May 7, 2002 Up 25 bp to 4.25 percent *Sept. 19, 2001 Down 50 bp to 4.00 percent Aug. 9, 2001 Down 25 bp to 4.50 percent July 5, 2001 Down 25 bp to 4.75 percent Feb. 8, 2001 Down 25 bp to 5.00 percent Oct. 5, 2000 Up 25 bp to 5.25 percent Feb. 10, 2000 Up 25 bp to 5.00 percent May 6, 1999 Set at 4.75 percent * shows inter-meeting rate changes

Reporting by Christine Kim and Cynthia Kim

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