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CHRONOLOGY-Bank of Korea raises rates to 1.50 pct, first hike since 2011

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SEOUL, Nov 30 (Reuters) - South Korea's central bank raised interest rates for the first time in more than six years on Thursday - a vote of confidence that the economy is growing well above trend and no longer needs crisis-level monetary settings. The following is a chronology of the Bank of Korea's main policy rate changes since it began setting the policy rate target in May 1999:

- - - -

Nov. 30, 2017 Up 25 bp to 1.50 percent

June 9, 2016 Down 25 bp to 1.25 percent

June 11, 2015 Down 25 bp to 1.50 percent

March 12, 2015 Down 25 bp to 1.75 percent

Oct. 15, 2014 Down 25 bp to 2.00 percent

Aug. 14, 2014 Down 25 bp to 2.25 percent

May 9, 2013 Down 25 bp to 2.50 percent

Oct. 11, 2012 Down 25 bp to 2.75 percent

July 12, 2012 Down 25 bp to 3.00 percent

June 10, 2011 Up 25 bp to 3.25 percent

March 10, 2011 Up 25 bp to 3.00 percent

Jan. 13, 2011 Up 25 bp to 2.75 percent

Nov. 16, 2010 Up 25 bp to 2.50 percent

July 9, 2010 Up 25 bp to 2.25 percent

Feb. 12, 2009 Down 50 bp to 2.00 percent

Jan. 9, 2009 Down 50 bp to 2.50 percent

Dec. 11, 2008 Down 100 bp to 3.00 percent

Nov. 7, 2008 Down 25 bp to 4.00 percent *Oct. 27, 2008 Down 75 bp to 4.25 percent

Oct. 9, 2008 Down 25 bp to 5.00 percent

Aug. 7, 2008 Up 25 bp to 5.25 percent

Aug. 9, 2007 Up 25 bp to 5.00 percent

July 12, 2007 Up 25 bp to 4.75 percent

Aug. 10, 2006 Up 25 bp to 4.50 percent

June 8, 2006 Up 25 bp to 4.25 percent

Feb. 9, 2006 Up 25 bp to 4.00 percent

Dec. 8, 2005 Up 25 bp to 3.75 percent

Oct. 11, 2005 Up 25 bp to 3.50 percent

Nov. 11, 2004 Down 25 bp to 3.25 percent

Aug. 12, 2004 Down 25 bp to 3.50 percent

July 10, 2003 Down 25 bp to 3.75 percent

May 13, 2003 Down 25 bp to 4.00 percent

May 7, 2002 Up 25 bp to 4.25 percent *Sept. 19, 2001 Down 50 bp to 4.00 percent

Aug. 9, 2001 Down 25 bp to 4.50 percent

July 5, 2001 Down 25 bp to 4.75 percent

Feb. 8, 2001 Down 25 bp to 5.00 percent

Oct. 5, 2000 Up 25 bp to 5.25 percent

Feb. 10, 2000 Up 25 bp to 5.00 percent

May 6, 1999 Set at 4.75 percent

* shows inter-meeting rate changes


(Reporting by Cynthia Kim and Christine Kim)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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