Minutes released Tuesday showed the August decision to raise rates for a second consecutive meeting was more contentious than the vote tally suggested, signaling internal divisions that could slow further tightening. On Aug. 27 the Bank of Korea raised the policy rate by 25 bps to 3.00%, citing inflation still above target and ongoing financial stability risks.

2026-09-15

Minutes released Tuesday showed the August decision to raise rates for a second consecutive meeting was more contentious than the vote tally suggested, signaling internal divisions that could slow further tightening. On Aug. 27 the Bank of Korea raised the policy rate by 25 bps to 3.00%, citing inflation still above target and ongoing financial stability risks.