South Korea · Bank of Korea base rate decision · NSA
South Korea interest rate (Base Rate): 3.00% on Oct 22 2026, unchanged from 3.00% on Aug 27 2026.
In line with expectations (~3.00% expected). Reported by europesays.com, policywire.substack.com.
Next release: 26 Nov 2026.
The policy rate is the central bank's main interest rate, which sets the cost of short-term money across the economy. The chart shows each decision.
| Period | First print | Latest | Change |
|---|---|---|---|
| Oct 22 2026 | — | 3.00% | 0 |
| Aug 27 2026 | — | 3.00% | +0.25 |
| Jul 16 2026 | — | 2.75% | +0.25 |
| May 28 2026 | — | 2.50% | 0 |
| Apr 10 2026 | — | 2.50% | 0 |
| May 29 2025 | — | 2.50% | −0.25 |
| Feb 25 2025 | — | 2.75% | −0.25 |
| Nov 28 2024 | — | 3.00% | −0.25 |
| Oct 11 2024 | — | 3.25% | −0.25 |
| Jan 13 2023 | — | 3.50% | +0.25 |
| Nov 24 2022 | — | 3.25% | +0.25 |
| Oct 12 2022 | — | 3.00% | +0.50 |
Source: Bank of Korea