Interest Rates
- Bank of Korea Raises Base Rate to 3.00%, Completing a Two-Step Reversal
The Bank of Korea lifted its base rate 25bp to 3.00% on August 27, its second straight hike, returning policy to a level last seen in late 2024.
- Bank of Korea Chief Points to Gradual Rate Hikes Over the Next Six Months
After a 6-1 vote for a second straight rate increase, Governor Hyun Song Shin says he expects gradual hikes ahead, with board forecasts topping out at 3.50%.
- Korea's 3-Year Treasury Yield Falls to 3.816% Ahead of Bank of Korea Rate Decision
Korea's 3-year government bond yield fell for a third straight session to 3.816% on Aug. 26 as markets braced for the Bank of Korea's rate decision.
