Bank of Korea base rate

Oct 24, 2026

3.00%

Previous (Sep 30, 2026): 3.00%
A year ago: 2.50%

Next release Wed, Nov 25, 8:00 PM ET

Last 5 years0.75% ~ 3.50%

Oct 31, 2021Oct 24, 2026

What it is

The Bank of Korea's base rate, set by its Monetary Policy Board.

Why it matters

It drives Korean loan and deposit rates and the won-dollar exchange rate.

Recent readings

Oct 24, 20263.00%
Sep 30, 20263.00%
Aug 31, 20263.00%
Jul 31, 20262.75%
Jun 30, 20262.50%
May 31, 20262.50%
Apr 30, 20262.50%
Mar 31, 20262.50%
Feb 28, 20262.50%
Jan 31, 20262.50%
Dec 31, 20252.50%
Nov 30, 20252.50%

Fed funds rate (upper) 4.00%10-year Treasury yield 5.00%30-year mortgage rate 7.32%ECB deposit rate 2.50%

Source: 한국은행 · Figures are official statistics as published on FRED (St. Louis Fed) and the Bank of Korea's ECOS; year-over-year and month-over-month changes are calculated from them. Data can be revised.