South Korea · KRW
Bank of Korea: next decision, current Base Rate, consensus
As of 28 October 2026.
No Bank of Korea Base Rate decision date is inside the published calendar window yet; a date appears here as soon as the bank publishes its own schedule.
The Base Rate is currently 3%, as published on 22 Oct 2026.
Bank of Korea rate facts
Every value is the latest published reading FXMacroData holds. A decision date appears only after the bank publishes it, and times are shown in UTC with the market-local time where the schedule supplies one.
| Current Base Rate | 3% Latest published reading, 22 Oct 2026 |
|---|---|
| Last change | Unchanged in the readings held |
| Next decision (UTC) | Scheduled |
| Consensus | Not published |
| Meeting frequency | Monthly Published cadence for this series. FXMacroData never infers a decision date from a cadence rule. |
| Official source | Bank of Korea |
The full Base Rate history, decision by decision, is on the South Korea policy rate page. Upcoming dates come from the published release calendar, which currently reaches 04 Nov 2026 17:38 UTC.
How Bank of Korea sets policy
The Bank of Korea (BoK) Monetary Policy Board sets the base rate eight times per year and targets 2% CPI inflation. The BoK publishes a Monetary Policy Report twice a year alongside its forecast updates.
Common questions
When is the next Bank of Korea rate decision?
The next Bank of Korea Base Rate decision is scheduled for Thu 26 Nov 2026 at UTC.
What is the current Bank of Korea Base Rate?
The Bank of Korea Base Rate is 3%, from the reading published on 22 Oct 2026.
How often does the Bank of Korea meet?
The Base Rate series is published Monthly. FXMacroData publishes a decision date only after the bank confirms it, so a cadence never stands in for a date.
How do I get Bank of Korea decisions from the API?
Call GET /v1/announcements/krw/policy_rate for the rate series with its release timestamps, and GET /v1/calendar/krw?indicator=policy_rate for the upcoming decision date. USD is open without a key; other currencies need a subscription key.