South Korea policy rate in 2026 (2 changes)

Start of year2.50%

Latest3.00%Aug 28, 2026

Net change+50 bp2 hikes, 0 cuts

Average2.55%

Rank by level27 / 38

Changes in 2026

Date	From	To	Change
Jul 16, 2026	2.50%	2.75%	hike +25 bp
Aug 27, 2026	2.75%	3.00%	hike +25 bp

Compared with other areas at the end of 2026

Türkiye37%

Russia14%

Brazil13.75%

Colombia12.25%

Iceland8%

South Africa7.25%

Romania6.5%

Mexico6.5%

Serbia5.75%

Indonesia5.75%

Hungary5.5%

India5.25%

Philippines5%

Saudi Arabia4.5%

Norway4.5%

Chile4.5%

Australia4.35%

Peru4.25%

North Macedonia4.25%

Hong Kong4.25%

United States3.875%

Poland3.75%

United Kingdom3.75%

Czechia3.75%

Kuwait3.5%

Israel3.25%

South Korea3%

China3%

New Zealand2.75%

Malaysia2.75%

Euro area2.5%

Morocco2.25%

Canada2.25%

Denmark2.1%

Sweden1.75%

Japan1.25%

Thailand1%

Switzerland0%

Year-end rate over time

20263%

20252.5%

20243%

20233.5%

20223.25%

20211%

20200.5%

20191.25%

20181.75%

20171.5%

20161.25%

20151.5%

20142%

20132.5%

20122.75%

20113.25%

20102.5%

20092%

20083%

20075%

20064.5%

20053.75%

20043.25%

20033.75%

20024.25%

20014%

20005.25%

← 2025

2026: hikes and cuts worldwide →

Daily policy-rate data compiled by the BIS. Not investment advice.