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Bank of Korea

KRW · Official Website

Latest Statement

⚖️ Neutral

Monetary Policy Decision & Opening Remarks to the Press Conference (August 27, 2026)

2026-08-27

The Bank of Korea announced its monetary policy decision on August 27, 2026, with accompanying opening remarks to the press conference. The publication provides the official policy stance and rationale for the central bank's current monetary policy direction.

Monetary policy decision announced on August 27, 2026 with formal press conference opening remarks
Official documents available in both Korean and English formats for transparency
Part of the Bank of Korea's regular monetary policy decision cycle with detailed policy communications

Bank Profile

Mandate

Price stability (2% CPI), financial stability

Decision Types

Base Rate, Open market operations, Lending facilities

Policy Instruments

Base Rate, Aggregate Credit Ceiling Loans, Open market operations, Reserve requirements

Target Indicators

CPI inflation (2%), Core inflation, Output gap, Financial stability indicators

Communication Style

Detailed monetary policy statements, board member dissent visible, press conferences

Committee

Monetary Policy Board - 7 members (Governor, Senior Deputy Governor, 5 members)

Economic Indicators

Policy Rate	2.75%
USD/KRW	1516.65
GDP Growth	3.2%
M2 Growth	5.8%
10Y Yield	4.18%
2y10y Spread	+1.53%

HISTORICAL TRENDS

Policy Rate

FX Rate

CPI

GDP

10Y Yield

2Y-10Y Spread

Stance

Key Commodities

Top traded commodities for South Korea

Commodity	Price	1D	30D
Brent Crude Oil	88.24 USD/barrel	-4.8%	+5.4%
Copper	13,542.82 USD/mt	-0.1%	+62.2%

Recent Statements

Interest Rates (July 2026) ⚖️ Neutral

2026-08-26

Minutes of the Monetary Policy Board Meeting (July 2026) 🦅 Hawkish

2026-08-04

⚡ Rate

↑1 ↓0 →0

📝 Classified Sentences

⚡ Rate Hikemp_interest_rate

"All members unanimously expressed the view that, in overall consideration of the domestic and international financial and economic environment, it would be appropriate to raise the Base Rate to 2.75% from the current 2.50% until the next Monetary Policy Board meeting."

Interest Rates (June 2026) ⚖️ Neutral

2026-07-28

Monetary Policy Decision & Opening Remarks to the Press Conference (July 16, 2026) ⚖️ Neutral

2026-07-16

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