Bank of Korea raises key rate to 3% for 2nd straight time
By The BriefBrief
The Bank of Korea raised its benchmark policy rate by 0.25 percentage point for a second consecutive session to 3.0%. It also revised up its 2026 growth and inflation forecasts, lifting the 2026 inflation outlook to 3.3%.
WHO:Bank of Korea (BOK)
WHAT:Raised the benchmark policy rate to 3.0% and revised up its 2026 inflation forecast to 3.3%
WHEN:Aug 27, 2026
WHERE:South Korea
WHY:The central bank made a policy decision to adjust the benchmark rate and update its inflation outlook.
