Bank of Korea
Bank of Korea base rate, 3.00% since 27 August 2026.
as of 30 Oct 2026 · BIS daily levels · 61 decisions since 1999
South Korea·KRW·all central banksLast
3.00%
27 August 2026
Previous
2.75%
16 July 2026
High since 1999
5.25%
5 October 2000
Low since 1999
0.50%
28 May 2020
Meetings a year
—
schedule not on file
Next decision
—
not published
Every decision
Newest first; a shaded row marks a change of instrument.
| Date | Level | Change | Instrument |
|---|---|---|---|
| 2026-08-27 | 3.00% | +0.25% | Bank of Korea base rate |
| 2026-07-16 | 2.75% | +0.25% | Bank of Korea base rate |
| 2025-05-29 | 2.50% | −0.25% | Bank of Korea base rate |
| 2025-02-25 | 2.75% | −0.25% | Bank of Korea base rate |
| 2024-11-28 | 3.00% | −0.25% | Bank of Korea base rate |
| 2024-10-11 | 3.25% | −0.25% | Bank of Korea base rate |
| 2023-01-13 | 3.50% | +0.25% | Bank of Korea base rate |
| 2022-11-24 | 3.25% | +0.25% | Bank of Korea base rate |
| 2022-10-12 | 3.00% | +0.50% | Bank of Korea base rate |
| 2022-08-25 | 2.50% | +0.25% | Bank of Korea base rate |
| 2022-07-13 | 2.25% | +0.50% | Bank of Korea base rate |
| 2022-05-26 | 1.75% | +0.25% | Bank of Korea base rate |
| 2022-04-14 | 1.50% | +0.25% | Bank of Korea base rate |
| 2022-01-14 | 1.25% | +0.25% | Bank of Korea base rate |
| 2021-11-25 | 1.00% | +0.25% | Bank of Korea base rate |
| 2021-08-26 | 0.75% | +0.25% | Bank of Korea base rate |
| 2020-05-28 | 0.50% | −0.25% | Bank of Korea base rate |
| 2020-03-17 | 0.75% | −0.50% | Bank of Korea base rate |
| 2019-10-16 | 1.25% | −0.25% | Bank of Korea base rate |
| 2019-07-18 | 1.50% | −0.25% | Bank of Korea base rate |
| 2018-11-30 | 1.75% | +0.25% | Bank of Korea base rate |
| 2017-11-30 | 1.50% | +0.25% | Bank of Korea base rate |
| 2016-06-09 | 1.25% | −0.25% | Bank of Korea base rate |
| 2015-06-11 | 1.50% | −0.25% | Bank of Korea base rate |
| 2015-03-12 | 1.75% | −0.25% | Bank of Korea base rate |
| 2014-10-15 | 2.00% | −0.25% | Bank of Korea base rate |
| 2014-08-14 | 2.25% | −0.25% | Bank of Korea base rate |
| 2013-05-09 | 2.50% | −0.25% | Bank of Korea base rate |
| 2012-10-11 | 2.75% | −0.25% | Bank of Korea base rate |
| 2012-07-12 | 3.00% | −0.25% | Bank of Korea base rate |
| 2011-06-10 | 3.25% | +0.25% | Bank of Korea base rate |
| 2011-03-10 | 3.00% | +0.25% | Bank of Korea base rate |
| 2011-01-13 | 2.75% | +0.25% | Bank of Korea base rate |
| 2010-11-16 | 2.50% | +0.25% | Bank of Korea base rate |
| 2010-07-09 | 2.25% | +0.25% | Bank of Korea base rate |
| 2009-02-12 | 2.00% | −0.50% | Bank of Korea base rate |
| 2009-01-09 | 2.50% | −0.50% | Bank of Korea base rate |
| 2008-12-11 | 3.00% | −1.00% | Bank of Korea base rate |
| 2008-11-07 | 4.00% | −0.25% | Bank of Korea base rate |
| 2008-10-27 | 4.25% | −0.75% | Bank of Korea base rate |
| 2008-10-09 | 5.00% | −0.25% | Bank of Korea base rate |
| 2008-08-07 | 5.25% | — | Bank of Korea base rate |
| 2008-08-07: Instrument switched from target overnight call rate(base rate) to Bank of Korea base rate, per BIS's own era text. | |||
| 2007-08-09 | 5.00% | +0.25% | target overnight call rate(base rate) |
| 2007-07-12 | 4.75% | +0.25% | target overnight call rate(base rate) |
| 2006-08-10 | 4.50% | +0.25% | target overnight call rate(base rate) |
| 2006-06-08 | 4.25% | +0.25% | target overnight call rate(base rate) |
| 2006-02-09 | 4.00% | +0.25% | target overnight call rate(base rate) |
| 2005-12-08 | 3.75% | +0.25% | target overnight call rate(base rate) |
| 2005-10-11 | 3.50% | +0.25% | target overnight call rate(base rate) |
| 2004-11-11 | 3.25% | −0.25% | target overnight call rate(base rate) |
| 2004-08-12 | 3.50% | −0.25% | target overnight call rate(base rate) |
| 2003-07-10 | 3.75% | −0.25% | target overnight call rate(base rate) |
| 2003-05-13 | 4.00% | −0.25% | target overnight call rate(base rate) |
| 2002-05-07 | 4.25% | +0.25% | target overnight call rate(base rate) |
| 2001-09-19 | 4.00% | −0.50% | target overnight call rate(base rate) |
| 2001-08-09 | 4.50% | −0.25% | target overnight call rate(base rate) |
| 2001-07-05 | 4.75% | −0.25% | target overnight call rate(base rate) |
| 2001-02-08 | 5.00% | −0.25% | target overnight call rate(base rate) |
| 2000-10-05 | 5.25% | +0.25% | target overnight call rate(base rate) |
| 2000-02-10 | 5.00% | +0.25% | target overnight call rate(base rate) |
| 1999-05-06 | 4.75% | — | target overnight call rate(base rate) |
2026-08-273.00%
Bank of Korea base rate+0.25%
2026-07-162.75%
Bank of Korea base rate+0.25%
2025-05-292.50%
Bank of Korea base rate−0.25%
2025-02-252.75%
Bank of Korea base rate−0.25%
2024-11-283.00%
Bank of Korea base rate−0.25%
2024-10-113.25%
Bank of Korea base rate−0.25%
2023-01-133.50%
Bank of Korea base rate+0.25%
2022-11-243.25%
Bank of Korea base rate+0.25%
2022-10-123.00%
Bank of Korea base rate+0.50%
2022-08-252.50%
Bank of Korea base rate+0.25%
2022-07-132.25%
Bank of Korea base rate+0.50%
2022-05-261.75%
Bank of Korea base rate+0.25%
Where these numbers come from
Derived entirely from BIS daily policy-rate levels (WS_CBPOL); every day the level differs from the prior day is a change day. Instrument eras parsed from the BIS COMPILATION field (2 era(s)).