SEOUL, Nov 9 (Reuters) – South Korea’s central bank held
interest rates at 2.75 percent on Friday, as expected, taking a
policy breather after it cut rates at its monetary policy
meeting in October.
The Bank of Korea’s monetary policy committee kept its base
rate at 2.75 percent, a media official said without
elaborating. Governor Kim Choong-soo is expected to hold a news
conference from 11:20 a.m. (0220 GMT).
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:
– – – –
Oct. 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 5.0 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 3.5 percent
July 10, 2003 Down 25 bp to 3.75 percent
May 13, 2003 Down 25 bp to 4.0 percent
May 7, 2002 Up 25 bp to 4.25 percent
*Sept. 19, 2001 Down 50 bp to 4.0 percent
Aug. 9, 2001 Down 25 bp to 4.5 percent
July 5, 2001 Down 25 bp to 4.75 percent
Feb. 8, 2001 Down 25 bp to 5.0 percent
Oct. 5, 2000 Up 25 bp to 5.25 percent
Feb. 10, 2000 Up 25 bp to 5.0 percent
May 6, 1999 Set at 4.75 percent
* shows inter-meeting rate changes
(Reporting by Christine Kim; Editing by Eric Meijer)
