The Bank of Korea raised its benchmark interest rate by a quarter percentage point to 3…

24 DAYS AGO 12:06 · 27 Aug 2026

South Korea central bank delivers back-to-back rate hike, as expected — Photograph: Channel NewsAsia business

The Bank of Korea raised its benchmark interest rate by a quarter percentage point to 3.00% on Thursday, delivering a second straight increase as inflation stays above target.

The seven-member monetary policy board voted to raise the seven-day repurchase rate by 25 basis points, according to Reuters, matching expectations from a poll of economists, Channel NewsAsia business reports.

South Korea central bank delivers back-to-back rate hike, as expected SEOUL, Aug 27 : The Bank of Korea raised its benchmark interest rate by a quarter percentage point to 3.00 per cent on Thursday, as expected, delivering a second straight increase as inflation stays above target while financial stability risks persist. The seven-member monetary policy board at the BOK voted t channelnewsasia.com

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