With the won-dollar exchange rate surpassing 1,500 won, the Bank of Korea has extended its policy of paying interest on banks' excess foreign currency reserves for six months. Let's easily explore how this economic measure affects our lives.
An easy-to-understand explanation of exchange rate volatility, herd behavior in the foreign exchange market, and how government market intervention affects our daily lives.
An easy-to-understand explanation of the causes behind the recent consumer price index surge, which broke 3.1% to hit a 26-month high, and the impact of the high oil price shock.
Forecasts suggest the Bank of Korea may raise the base rate as early as July 2026. We provide an easy-to-understand explanation of how the Middle East crisis and inflation concerns impact our loan and deposit interest rates.
The true meaning of the base rate hike and price stability according to the newly appointed Bank of Korea Monetary Policy Board member Kim Jin-il. We easily explain the impact of hawkish monetary policy on our loan interest rates and inflation.