Bank of Korea says data will guide further rate hikes as it assesses two earlier increases
Photo: TokenPost
The timing and pace of further interest rate increases will depend on incoming economic data as the Bank of Korea assesses the effects of two preemptive hikes. Risks to growth and inflation have increased, but external uncertainty also supports taking time to review conditions. In opening remarks at a monetary policy press conference on October 22, 2026, Bank of Korea Governor Shin Hyun-song said policymakers would closely examine incoming data before deciding when and how quickly to raise rates further. The Monetary Policy Board unanimously held the benchmark rate at 3%.
Source: TokenPost
