South Korea Bank of Korea Base Rate
South Korea Bank of Korea Base Rate is 3 percent, in force since 27 Aug 2026, cited to Bank of Korea. It was 2.75 percent before that. Last checked against the official source on 24 Oct 2026.
Official source: Bank of Korea · Last checked 2026-10-24 · source fingerprint
The Base Rate (기준금리) set by the Bank of Korea's Monetary Policy Board, the reference rate for BOK transactions with financial institutions and the economy-wide policy anchor.
Compare policy interest rate across all 28 Asian countries →
| Current value | 3 percent |
|---|---|
| In force from | 2026-08-27 |
| Official source | Bank of Korea — Base Rate history (한국은행 기준금리 추이): '2026 08월 27일 3.00' (Base Rate raised 25bp from 2.75% to 3.00% by the Monetary Policy Board on 27 August 2026; Monetary Policy Decision of 27 August 2026, https://www.bok.or.kr/eng/bbs/E0000627/view.do?menuNo=400022&nttId=11064194), under the Bank of Korea Act (한국은행법) |
| Last verified | 2026-10-24 |
| Verification | primary — No verification limitation recorded — read from the official source cited. |
| Provenance | source fingerprint |
What this value means
Raised 25bp on 2026-08-27, the second increase after the 16 July 2026 hike (2.50% -> 2.75%); the Base Rate history table lists no change since. Decisions take effect from the decision date. Cited page is the BoK's own Base Rate history table, which lists every change; read on 2026-10-24.
Earlier values
| From | Value | Source |
|---|---|---|
| 2026-07-16 | 2.75 | Bank of Korea Monetary Policy Board, Monetary Policy… |
| 2025-05-29 | 2.5 | — |
| 2025-02-25 | 2.75 | — |
| 2024-11-28 | 3 | — |
| 2024-10-11 | 3.25 | — |
| 2023-01-13 | 3.5 | — |
| 2022-11-24 | 3.25 | Bank for International Settlements - Central Bank Policy… |
| 2022-10-12 | 3 | Bank for International Settlements - Central Bank Policy… |
| 2022-08-25 | 2.5 | Bank for International Settlements - Central Bank Policy… |
| 2022-07-13 | 2.25 | Bank for International Settlements - Central Bank Policy… |
| 2022-05-26 | 1.75 | Bank for International Settlements - Central Bank Policy… |
| 2022-04-14 | 1.5 | Bank for International Settlements - Central Bank Policy… |
Get it programmatically
curl https://asiaref.dev/v1/kr/policy-rate
# $0.003 per call — x402 on Base (USDC). No key, no signup.
# History: curl https://asiaref.dev/v1/kr/policy-rate/history?from=2020-01-01
# Provenance: curl https://asiaref.dev/provenance/kr/policy-rateEmail me when this changes
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Other South Korea series: Statutory interest (법정이율) · Value-Added Tax (부가가치세) standard rate · VAT registration threshold · National minimum wage (최저임금) · Public holidays · Consumer price inflation (소비자물가 상승률) · Corporate income tax (법인세) top rate · Withholding tax rates · Personal income tax (종합소득세) schedule · Statutory social-insurance contributions · Tax filing deadlines
The same figure elsewhere: Sri Lanka · Taiwan · Thailand · Türkiye · United Arab Emirates · all 28