Bank of Korea & Interest Rates

Bank of Korea and interest rate news — monetary policy decisions, rate outlook, and economic impact.

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Savings Banks Offer 100-Plus 4% Deposits in Race to Halt Money Move

As stock market volatility drives a money move, Korean savings banks are offering more than 100 term deposits at rates above 4%, while banks reach the mid-to-high 3% range.

Published 2026.07.03. 09:22:28

Gwangju Bank Launches Special Savings Product to Mark Jeonnam-Gwangju Merger

Gwangju Bank launched the Jeonnam-Gwangju Integrated Special City Sarang Deposit, offering a top annual rate of 3.50%, to mark the merger of Jeonnam and Gwangju.

Published 2026.07.01. 16:00:36

Major U.S. Banks See End to Rate Cuts; BOK Predicts Continued Inflation, Jobs Stability

The Bank of Korea's New York office forecasts continued U.S. inflation and jobs stability in H2, with AI investment driving 39% of growth and Wall Street seeing the rate-cutting cycle as over.

Published 2026.06.30. 15:46:01

Rate Hikes Uncoordinated with Fiscal Policy Will Only Deepen Wealth Divide

Kim Kwang-doo, chairman of the National Institute for Future Strategy, warns that rate hikes uncoordinated with fiscal policy will amplify Korea's wealth polarization amid a triple-high crisis.

Published 2026.06.22. 17:50:01

Fed Signals Rate Hike This Year; BOK Must Guard Against Inflation

The U.S. Fed froze its benchmark rate at 3.5%-3.75% but signaled a hike this year, raising inflation forecasts. Korea's editorial urges the BOK to guard against inflation.

Published 2026.06.19. 24:05:05

Japan Rate Hits 31-Year High; Korea Must Act Ahead of Global Tightening

The Bank of Japan raised its benchmark rate to 1%, a 31-year high, as global central banks tighten amid inflation from the Iran war. Korea must prepare for the impact.

Published 2026.06.17. 24:01:05

Middle East War Nears End, But the Battle Against 'Three Highs' Begins

As the U.S.-Iran war nears its end, Korea faces a new battle against the "three highs" — soaring inflation, a won-dollar rate above 1,500, and rising interest rates pressuring household debt nearing 2,000 trillion won.

Published 2026.06.13. 24:05:05

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