South Korea · Story · Regulation
Bank of Korea holds interest rate steady at 3%
The Bank of Korea has decided to keep its benchmark 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 18 October, the Bank of Korea (BOK) was expected to keep its benchmark interest rate at 3% during its policy meeting. A survey indicated that all six economists anticipated no change, although a hike was possible at the next meeting. On 22 October, the BOK maintained its key interest rate at 3%, pausing after two consecutive hikes in July and August. The decision followed a 2.9% year-on-year inflation rate in September and reflected concerns about economic growth and inflationary pressures.
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- 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.