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Event Brief

Bank of Korea holds benchmark rate at 3%

The Bank of Korea kept its benchmark interest rate at 3 percent after two consecutive rate hikes. Economists polled by Reuters had forecast the central bank would hold rates. The decision followed President Lee’s call to boost housing supply.
WHO: Bank of Korea
WHAT: The Bank of Korea kept its benchmark interest rate at 3 percent.
WHEN: Oct 22, 2026
WHERE: Seoul, South Korea
WHY: Reason not reported.

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