2026.10.2201:00:00UTC+00Bank of Korea Holds Base Rate at 3.00% in October, Extending Pause into Late 2026

The Bank of Korea kept its key interest rate unchanged at 3.00% in October 2026, maintaining the level set at its previous decision in August 2026. The decision extends the central bank’s pause on policy tightening, signaling a continuation of its current monetary stance into the final quarter of the year.

With the base rate holding steady at 3.00%, markets and analysts will likely focus on incoming economic data to assess how long the Bank of Korea can maintain this level amid evolving domestic and global conditions. The October 2026 decision, confirmed in data updated on 22 October 2026, underscores the authorities’ preference for stability after the earlier moves that brought the benchmark rate to its current level.