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Bank of Korea Raises Interest Rates to 3 Percent for Second Consecutive Session

The Bank of Korea has increased its benchmark interest rate by 25 basis points to 3 percent, marking a second consecutive tightening move amid persistent inflation pressures. Officials simultaneously upgraded their 2026 economic growth forecast to 3.3 percent, citing robust semiconductor export demand.

27 Aug, 00:56 — 27 Aug, 05:52
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The Story

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Excellent (76/100)
9 sources33/33
Spectrum spread3/5 buckets covered17/33
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Left (1)
cnbc
Center6
Center (6)
Korea Heraldyonhap-englishnikkei-asiaFTinvesting-comReuters
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wsjchannel-news-asia
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Geographic diversity6 regions26/34
US3South Korea2Japan1UK1Singapore1Intl1

Sources

Showing 9 of 9 sources
ReutersVery High5h ago

South Korea central bank delivers back-to-back rate hike, as expected - Reuters

South Korea central bank delivers back-to-back rate hike, as expected  Reuters

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wsjHigh5h ago

Bank of Korea Delivers Back-to-Back Rate Increase - WSJ

Bank of Korea Delivers Back-to-Back Rate Increase  WSJ

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FTVery High4h ago

Korea extends tightening cycle with rate rise to 3%

Bank of Korea cites concerns over inflation, Seoul property prices and household debt

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cnbcMostly Factual5h ago

Bank of Korea hikes rates again as core inflation stays elevated

The Bank of Korea hiked rates by 25 basis points to 3%, its highest since January 2025 and in line with expectations.

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nikkei-asiaHigh3h ago

Bank of Korea delivers back-to-back rate hikes to cope with inflation

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Korea HeraldMostly Factual47m ago

BOK delivers 'preemptive' back-to-back hikes

The Bank of Korea on Thursday raised its benchmark interest rate for a second consecutive meeting, tightening monetary policy amid persistent inflationary pressures as chip-led growth outweighed expectations. The Monetary Policy Board lifted the rate by 0.25 percentage point to 3 percent, following an increase of the same size in July. The decision was backed by six of the seven board members, with only one-member dissenting. The hawkish decision puts the base rate back to the 3 percent range fo

By The Korea Herald

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yonhap-englishMostly Factual1h ago

(News Focus) BOK takes preemptive action with back-to-back rate hikes, signals caution ahead

SEOUL, Aug. 27 (Yonhap) -- The Bank of Korea (BOK) on Thursday delivered its fir...

By Kim Boram

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channel-news-asiaMostly Factual5h ago

BOK delivers back-to-back rate hikes, remains hawkish

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investing-com5h ago

Bank of Korea hikes interest rates by 25 bps as expected

By Investing.com

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