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BOK Holds Rate at 3% After Two Hikes

The Bank of Korea held its benchmark interest rate steady at 3 percent on Thursday, Oct. 22, after two consecutive 0.25-percentage-point hikes in July and August. Yonhap reports the freeze was unanimous, and Governor Shin said the earlier hikes give the BOK time to assess conditions. The Korea Times notes the decision was described as the "payoff" from preemptive hikes, but further tightening remains on the table.

  1. BOK keeps rate steady at 3% after two consecutive hikes Korea Times · 2026-10-22
  2. BOK Holds Key Rate at 3.00% After Back-to-Back Hikes Business Korea · 2026-10-22
  3. (3rd LD) BOK holds rate at 3 pct after 2 straight hikes, signals continued tightening Yonhap · 2026-10-22
  4. (URGENT) Earlier back-to-back rate hikes give BOK time to assess conditions: Gov. Shin Yonhap · 2026-10-22
  5. (URGENT) BOK says rate freeze decision was unanimous Yonhap · 2026-10-22
  6. BOK keeps rate steady at 3%, but further hikes remain on table Korea Times · 2026-10-22

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