“In a way, I'm expecting (rate increases) to be gradual, because we need to assess the impact of the two (rate) hikes in a row…”
The Bank of Korea raised its base rate by 25 basis points to 3.00% on Aug 27, 2026, its second straight increase after a July hike to 2.75%. Reuters reported the move was predicted by 18 of 35 economists in its poll.