[Breaking] Monetary Policy Board Delivers Back-to-Back Rate Hikes, Raising Base Rate for the Second Straight Time

Input: 2026-08-27 09:53:21

Updated: 2026-08-27 09:53:21

Hyun Song Shin, governor of the Bank of Korea, strikes the gavel during a plenary meeting of the Monetary Policy Board held on the 27th at the Bank of Korea Head Office Building in Jung District, Seoul.

Provided by the Bank of Korea. 00% at its monetary policy meeting. 25 percentage point hike. 00% level was last seen in January last year.

The next meeting to decide the base rate will be held in October.

[email protected] Kim Tae-il Reporter

· This article has been translated by GripLabs Mingo AI.

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