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The Bank of Korea (BOK) kept its benchmark interest rate steady at 3 percent on October 22, 2026, following two consecutive 0.25-percentage-point hikes in July and August. The decision was unanimous, according to Yonhap, and Governor Shin said the earlier hikes give the BOK time to assess conditions. Yonhap also reports the BOK signaled continued tightening. Korean media widely covered the hold as a pause in monetary tightening, with Business Korea noting the BOK adopted a wait-and-see approach to evaluate the impact of its previous moves.