Cash Rate

Bank of Korea

Bank of Korea Base Rate

View on Korea desk

3.00%

+0.25 pp last change (26 Aug 2026)

As of 17 Sep 2026 | Daily (policy rate; changes on Monetary Policy Board decision days)

Mean
2.90%
Median
3.00%
Min
0.50% 28 May 2020
Max
5.25% 5 Oct 2000
DateRate
17 Sep 20263.00
31 Aug 20263.00
31 Jul 20262.75
30 Jun 20262.50
31 May 20262.50
30 Apr 20262.50
31 Mar 20262.50
28 Feb 20262.50
31 Jan 20262.50
31 Dec 20252.50
30 Nov 20252.50
31 Oct 20252.50
30 Sep 20252.50
31 Aug 20252.50
31 Jul 20252.50
30 Jun 20252.50
31 May 20252.50
30 Apr 20252.75
31 Mar 20252.75
28 Feb 20252.75
31 Jan 20253.00
31 Dec 20243.00
30 Nov 20243.00
31 Oct 20243.25

About the Base Rate

Bank of Korea Base Rate from the official change list on bok.or.kr. Current: 3.00% on 17 Sep 2026. Chart is stepped at Monetary Policy Board decisions.

From 6 May 1999 to 17 Sep 2026 (9,997 observations): mean 2.90%, median 3.00%; low 0.50% (28 May 2020), high 5.25% (5 Oct 2000). Not a mortgage or deposit rate.

Source: Bank of Korea base rate change list (public data). Licence: Bank of Korea public data policy: designated public data may be reused freely with attribution (terms). Files: data/raw/bok-base-rate-list.html.

Reading this series

The Base Rate is the Bank of Korea's policy interest rate, set by its Monetary Policy Board. This page reads the Bank's published base-rate change list and shows the rate as a daily step series from May 1999, when the current Base Rate framework began. Because the Board changes it only at policy meetings, the line is flat between decisions and jumps on announcement dates; the chart is drawn accordingly. The Base Rate is the policy anchor for Korean money-market rates, not a retail lending or deposit rate.

Read the headline with its as-of date, then the "versus the previous reading" line. Where the Board has held the rate, the page surfaces the date of the last actual change instead of a run of zero values. Mean, median, low and high are arithmetic summaries of the daily observations in this build; a long hold at one level pulls them toward it. Chart and Table show one series two ways, range buttons filter the drawn window, and Explore loads zoom and pan on request.

About this desk

Italy has no separate policy rate here. The Italy desk leads with the ECB deposit facility rate and €STR, the shared euro-area policy and overnight market series, then UK and US rates. Italy's monetary policy is set by the ECB Governing Council, so the desk uses the euro-area series rather than a Banca d'Italia policy rate that would misrepresent the framework.

Germany, France, Ireland and the /ea/ desk carry the same two ECB series. The figures come from the ECB Data Portal and are republished with attribution under the ESCB statistics reuse policy. Every desk shows the same series in a different order, so switching desks changes the menu and wording, not the numbers. The build ingests no Italian retail rate series, so none is shown. This is not financial advice, and readings may lag their source.