Bank of Korea Set for New Chief in Era of Uneven Economic Growth

South Korea may be about to appoint a new central bank chief, at a time when the direction of monetary policy isn’t as stable as it might appear.

Inflation has slowed to levels near target and is expected to hold around that level in February data due Friday. The Bank of Korea’s benchmark interest rate sits at 2.5%, a half-point above the median over the last decade, and authorities have signaled it may stay there for the next six months.