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BOK Holds Rate at 3%, Signals Possible Further Hikes
The Bank of Korea (BOK) kept its benchmark interest rate steady at 3 percent on October 22, 2026, after two consecutive 0.25-percentage-point hikes in July and August. The decision was unanimous, and Governor Shin Hyun-song said the earlier back-to-back hikes give the BOK time to assess conditions, while signaling continued tightening remains possible. Yonhap reports the freeze was widely expected, and the BOK expects inflation to remain above its 2 percent target next year but near it in 2028.
- BOK keeps rate steady at 3%, but further hikes remain on table
- BOK keeps rate steady at 3% after two consecutive hikes
- (URGENT) BOK holds key rate steady at 3 pct after 2 consecutive rate hikes
- (3rd LD) BOK holds rate at 3 pct after 2 straight hikes, signals continued tightening
- (URGENT) BOK says rate freeze decision was unanimous
- (URGENT) Earlier back-to-back rate hikes give BOK time to assess conditions: Gov. Shin
- Inflation Likely to Slide Close to 2% Target in 2028
