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The South Korean central bank, the Bank of Korea (BOK) left the key interest rates unchanged at 0.50% at its November monetary policy meeting held this Thursday.

The decision was on the expected lines, as the economic recovery gathers momentum despite looming concerns about rising household debt.

BOK’s economic forecasts

Sees 2021 growth at3.0 % vs 2.8% before.

Sees 2020 GDP growth at -1.1% vs -1.3% previously.

Sees 2021 inflation at 1.0% vs 1.0% before.

Sees 2020 inflation at 0.5% vs 0.4% previously.

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