South Korea · Story · Regulation
Bank of Korea holds interest rate steady at 3%
The Bank of Korea has decided to keep its interest rate at 3%, following two previous hikes aimed at controlling inflation.
No new coverage since 22 October 2026.
The story so far as of 22 October 2026
On October 18, 2026, a survey indicated that the Bank of Korea (BOK) would likely keep its benchmark interest rate at 3%. On October 22, the BOK confirmed this decision, maintaining the rate after two consecutive hikes in July and August. The central bank's decision was influenced by persistent inflation and financial stability risks, with inflation reported at 2.9% year-on-year in September. The unanimous vote by the Monetary Policy Board reflects ongoing concerns about economic growth and inflationary pressures.
Flare-up watch: Calm (−0.6) · How this is judged → · All South Korea briefings →
Coverage, day by day
- Regulation
Bank of Korea holds interest rate steady at 3%
Impact Lenders and borrowers in South Korea face stable borrowing costs as the BOK holds rates steady at 3%.
Sources: The Korea Herald ↗, Korea.net ↗
- Regulation
BOK to hold interest rate at 3% this week
Impact Lenders and borrowers in South Korea face stable interest rates, easing immediate financial pressure.
Sources: Korea.net ↗
Sources in this story
Sources: each headline links to the original article on the publisher's site.