Korea policy rate

The central bank policy rate for Korea from the BIS dataset: the latest level, the recent changes and the daily history since 1999.

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3.00%

Policy rate, BIS

as of 28 August 2026

2026-08-27

Last change

to 3.00% from 2.75%

1999

History since

6,799 daily observations

As of 2026-08-28.

The BIS often publishes several business days after a decision, so a decision after 28 August 2026 isn't in this figure yet.

Recent rate changes

Date	New rate
2026-08-27	3.00%
2026-07-16	2.75%
2025-05-29	2.50%
2025-02-25	2.75%
2024-11-28	3.00%
2024-10-11	3.25%
2023-01-13	3.50%
2022-11-24	3.25%
2022-10-12	3.00%
2022-08-25	2.50%
2022-07-13	2.25%
2022-05-26	1.75%
2022-04-14	1.50%
2022-01-14	1.25%
2021-11-25	1.00%
2021-08-26	0.75%
2020-05-28	0.50%
2020-03-17	0.75%
2019-10-16	1.25%
2019-07-18	1.50%
2018-11-30	1.75%
2017-11-30	1.50%
2016-06-09	1.25%
2015-06-11	1.50%
2015-03-12	1.75%

What the latest data says

The latest BIS figure for the Korea policy rate is 3.00%, as of 28 August 2026. The last change in the series was a rise of 25 basis points on 27 August 2026. The last three changes on record took the rate higher. Since 12 March 2015 it has ranged from 0.50% (28 May 2020) to 3.50% (13 January 2023).

What this data is

Policy rates for Korea

The Bank for International Settlements maintains a single daily series of every major central bank's policy rate, on the same basis and in the same file. That's the source here. For each economy the page shows the current rate, when it last changed and by how much, and the history back to the start of the series.

Policy rates anchor short-term borrowing costs in a currency.

This page follows Korea only. The full list and the cross-market view live on the Policy rates hub.

Source and updates

Source: BIS policy rate statistics (daily)
Credit: BIS.
Updates: When the BIS publishes, often several business days after a decision. Last update 2026-08-28.
History: 6 May 1999.
This series: 6,799 daily observations, 1999-05-06 to 2026-08-28.60 observations where the rate differs from the one before, since 6 May 1999.
Get the data: JSON API and CSV download10 requests a minute without a key, 30 with a free key from a free account.

How to read it

Count the steps, not the basis points. A bank that has moved three times in one direction is in a cycle.
Rate differentials between two economies are what carry trades and currency futures respond to. Pair this page with the COT currency markets.
The last-change date tells you how long a bank has held; a long pause after a run of moves means the bank is waiting.

Analysis of what the data shows, not advice. XOOMAR does not recommend buying, selling or holding anything.

Frequently Asked Questions

What is the current policy rate in Korea?

3.00% in the BIS central bank policy rates dataset, as of 28 August 2026. The BIS often publishes several business days after a decision, so a decision after that date isn't in this figure yet.

How often does this update?

When the BIS publishes, often several business days after a decision.

How do I get this via API?

GET /api/markets/rates/kr returns the daily series as JSON, newest first. History starts in 1999; the free API returns the last six months. 10 requests a minute without a key, 30 with a free key.

What counts as a rate change?

Any day the reported policy rate differs from the previous day. The recent changes table shows the decision dates and new levels.

Data on this page is provided for informational purposes only and is not financial advice. See our editorial policy.