The Bank of Korea has maintained its policy interest rate at 2.5%, marking the seventh consecutive meeting without a change. This decision comes as inflationary pressures persist, with consumer prices rising 2.2% in March, surpassing the central bank's 2% target. The unanimous decision by the board reflects ongoing concerns about rising oil prices due to geopolitical tensions in the Middle East, which impact South Korea significantly due to its reliance on imported crude oil. A recent Reuters poll indicated that 30 out of 32 economists expected the rate to remain unchanged at the May 28 meeting. However, over 70% of these economists predict at least one rate hike before the end of 2026. The new BOK Governor, Shin Hyun Song, presided over this decision, marking his first major rate call. The steady rate provides stability for the Korean won, though potential future hikes could affect bond markets and retail crypto trading, as investors might shift towards traditional savings instruments.