Bank of Korea leaves its base rate on hold at 2.5% as widely expected

Bank of Korea leaves its base rate on hold at 2.5% as widely expected (by 32 of 36 economists polled by Reuters)

The weak won has cut away scope scope for further easing in SK. Also of note for policy setters at the bank are how government steps to cool Seoul's property market will pan out.

• BoK expects 2025 GDP growth at 1.0%.

• BoK expects 2025 inflation at 2.1%.

• BoK expects 2026 GDP growth at 1.8%.

• BoK expects 2027 GDP growth at 1.9%.

• BoK expects 2026 inflation at 2.1%.

• BoK expects 2027 inflation at 2.0%.

BoK Governor Rhee Chang-yong will hold a press conference at 0210 GMT