The Bank of Korea (BOK) held its benchmark interest rate unchanged at 2.75 percent on Thursday, signaling a cautious stance as tensions escalate in the U.S.-China trade war.

Bank of Korea Deputy Governor Ryoo Sang-dai spoke on who will be allowed to issue digital won first. Eight of the country’s largest banks plan to form a joint venture to develop a KRW stablecoin.

South Korea's central bank held its policy rate at 2.75% Thursday, as it aims to shore up its currency even as it warned growth was likely to miss its earlier forecast.

South Korea's central bank expectedly cuts its policy interest rate by 25 basis points to 2.5%. ... while the South Korean won weakened 0.71%, last trading at 1383.40 against the greenback.

Bank of Korea to Hold Rates at 2.75% on April 17 ... Last week's sudden announcement of a 90-day tariff reprieve by Trump provided some relief to the Korean won which sank to a 16-year ...

The senior deputy governor of South Korea's central bank said it was desirable to introduce won-denominated stablecoins at a gradual pace, first with rigorously-regulated commercial banks.

The head of South Korea’s central bank reportedly said he isn't against the issuance of a won-pegged stablecoin, but was wary of possible foreign exchange issues. Listen 0:00 6023 ...

The Bank of Korea (BOK) will lower its key policy rate by 25 basis points on Thursday as economic activity contracted in the last quarter and benign inflation supports the case for easing, a ...

FILE PHOTO: The logo of the Bank of Korea is seen in Seoul, South Korea, November 30, 2017. REUTERS/Kim Hong-Ji/File Photo. ... referring to the Korean won's value against the U.S. dollar. ...

The Bank of Korea reduced rates to 2.5% from 2.75%, its lowest level since August 2022, in line with expectations among economists polled by Reuters.That marked the central bank's fourth cut in ...