Bank of Korea Raises Base Rate to 3.00 Percent in 2nd Straight Hike
The Bank of Korea raised its Base Rate by 25 basis points to 3.00 percent on August 27, 2026, its 2nd consecutive increase after a July hike that had been its 1st in more than 3 years, as the Monetary Policy Board acted to contain inflation risks and cool household debt and housing prices even…
