Bok holds prices as the countryside is struggling with customs tariffs and US elections

The central bank in South Korea maintains a policy price In 2.75 % on Thursday, while the country wrestles with US tariffs and is preparing for the sudden presidential elections.

This was in line with a Reuters poll for economists who expected the bank to keep prices unchanged.

On Tuesday, the Minister of Finance in South Korea According to what was reported, Choi Sang Mocou told Parliament The country will seek to delay the implementation of definitions for as long as possible in negotiations with the United States

Choi also said this was to help reduce the uncertainty facing South Korean companies in global markets.

South Korea was exposed to a 25 % tariff on cars, as well as steel and aluminum. South Korea Hyundai and Kia from The best selected brands In the United States, the country is the fourth largest source of steel for the United States

The fourth largest economy in Asia has obtained a 25 % “mutual” tariff by US President Donald Trump, although this has been suspended for 90 days, out of the 10 % foundation tariff.

The move also comes at a time when South Korea goes to the polls to elect a new president on June 3, after Yun Suk Yol was It was removed from the office on April 4 On his declaration of short -lived martial laws in December.

In his last meeting in FebruaryBOK reduced its growth forecast for 2025 to 1.5 % of 1.9 % of expectations in November, saying that the recovery of domestic demand and export growth is likely to be less than expected due to the deterioration of economic feelings and US tariff policies.

South Korea’s enlargement came 2.1 % in March, slightly higher than the target of inflation by 2 % than Facebook.

Country KosPI The stock index increased by 0.56 % after the announcement, while beat The weakest 0.58 % for trading at 1422 against the dollar.