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The Bank of Korea is considering overhauling how it provides guidance on the likely future path of interest rates by extending the timeframe and giving visual estimates in a bid to boost transparency, said four sources familiar with the issue. The proposal, however, faces opposition from at least one of the central bank's seven-member governing board and a senior official, they said, amid concerns telegraphing future policy could undermine public confidence in policy, particularly if conditions suddenly change. Since first flagging the idea during a speech at the Federal Reserve's Jackson Hole symposium in 2022, Governor Rhee Chang-yong has been developing plans to regularly map out conditional forward guidance on policy interest rates for six months or longer.

South koreaSoult ukpyolsiSouth koreanRhee chang yongCynthia kimSam holmesEd daviesFederal reserveJackson holeGovernor rhee chang yongGovernor rheeReserve bankInterest ratesBank of koreaMonetary policyVisual estimates