Against the backdrop of rising tariff uncertainty, the Bank of Korea maintains interest rate unchanged

BlockBeats News, April 17th, the Bank of Korea kept its interest rate unchanged at its April meeting, taking a breather as it considers the best way to support an economy hard hit by U.S. tariffs. Ahead of the interest rate decision, 20 of the 25 economists surveyed predicted no rate change in April, anticipating the uncertainty brought by Trump's trade volatility would make the Bank of Korea policymakers cautious.

The central bank may also want more time to assess the impact of its previous rate cut before taking further action. As the fourth-largest economy in Asia, nearly half of South Korea's GDP growth relies on exports, making it vulnerable to the trade disruptions caused by the recently announced U.S. comprehensive tariffs. (FXStreet)