CHRONOLOGY-Bank of Korea holds key interest rate steady, as expected

By Kitco News / January 17, 2018 / www.kitco.com / Article Link

SEOUL, Jan 18 (Reuters) - South Korea's central bank held its key interest rate steady on Thursday, as expected, as it monitors the effects of its November hike.

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:

- - - -

Nov. 30, 2017Up 25 bp to 1.50 percent

June 9, 2016 Down 25 bp to 1.25 percent

June 11, 2015Down 25 bp to 1.50 percent

March 12, 2015 Down 25 bp to 1.75 percent

Oct. 15, 2014Down 25 bp to 2.00 percent

Aug. 14, 2014Down 25 bp to 2.25 percent

May 9, 2013Down 25 bp to 2.50 percent

Oct. 11, 2012Down 25 bp to 2.75 percent

July 12, 2012Down 25 bp to 3.00 percent

June 10, 2011Up 25 bp to 3.25 percent

March 10, 2011 Up 25 bp to 3.00 percent

Jan. 13, 2011Up 25 bp to 2.75 percent

Nov. 16, 2010Up 25 bp to 2.50 percent

July 9, 2010 Up 25 bp to 2.25 percent

Feb. 12, 2009Down 50 bp to 2.00 percent

Jan. 9, 2009 Down 50 bp to 2.50 percent

Dec. 11, 2008Down 100 bp to 3.00 percent

Nov. 7, 2008 Down 25 bp to 4.00 percent*Oct. 27, 2008Down 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, 2007Up 25 bp to 4.75 percent

Aug. 10, 2006Up 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, 2005Up 25 bp to 3.50 percent

Nov. 11, 2004Down 25 bp to 3.25 percent

Aug. 12, 2004Down 25 bp to 3.50 percent

July 10, 2003Down 25 bp to 3.75 percent

May 13, 2003 Down 25 bp to 4.00 percent

May 7, 2002Up 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, 2000Up 25 bp to 5.00 percent

May 6, 1999Set at 4.75 percent

* shows inter-meeting rate changes


(Reporting by Cynthia Kim and Christine Kim; Editing by Sam Holmes)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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