Korea Economy
- 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%.
