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

24 DAYS AGO 12:06 · 27 Aug 2026

BOK delivers back-to-back rate hikes as price pressures persist — Photograph: Channel NewsAsia business

The Bank of Korea raised its benchmark interest rate by a quarter percentage point to 3.00 per cent on Thursday, delivering a second straight increase.

The seven-member board lifted the seven-day repurchase rate to its highest level since February 2025, according to Reuters reports.

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

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