Bank of Korea minutes show possible policy rift on back-to-back rate hikes
Shin Hyun Song, governor of the Bank of Korea, speaks during a press conference after the central bank raised its key interest rate by 25 basis points to 3.00%, delivering a second consecutive hike, in Seoul, South Korea, August 27, 2026. REUTERS/Kim Soo-hyeon
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SEOUL, Sept 15 : The Bank of Korea’s decision to carry out back-to-back interest rate hikes in August was a more contentious affair than the headline vote suggested, meeting minutes released on Tuesday showed, signaling divisions that could slow the future tightening pace.
The BOK on August 27 raised its benchmark interest rate by a quarter percentage point to 3.00 per cent, delivering a second straight increase as inflation stays above target and financial stability risks persist.
Source: Reuters
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