BoK Interest Rate Decision

The BoK Interest Rate Decision is announced by the Bank of Korea. If the bank is hawkish about the inflationary outlook of the economy and rises the interest rates, it is seen as positive, or bullish, for the KRW, while a dovish outlook for the economy (or a rate cut) is seen as negative, or bearish, for the currency.

Most recent - Thursday 22 August 2024 01:00

Previous
3.5%
Forecast
3.5%
Actual
3.5%

Next event - Friday 11 October 2024 01:00

Previous
-
Forecast
-
Actual
-

The typical/expected impact on KRW pairs is medium.

There is no forecast value for BoK Interest Rate Decision yet - check back for updates.

Trading range

Forecast history

The most recent announced value for BoK Interest Rate Decision was 3.5% against a forecast of 3.5%.

Past events

Date
Forecast
Actual
Thursday 22 August 2024 01:00
3.5%
3.5%
Thursday 11 July 2024 01:00
-
3.5%
Thursday 23 May 2024 01:00
3.5%
3.5%
Friday 12 April 2024 01:00
3.5%
3.5%
Thursday 22 February 2024 01:00
3.5%
3.5%
Thursday 11 January 2024 01:00
3.5%
3.5%
Thursday 30 November 2023 01:00
3.5%
3.5%
Thursday 19 October 2023 01:00
3.5%
3.5%
Thursday 24 August 2023 01:00
3.5%
3.5%
Thursday 13 July 2023 01:00
3.5%
3.5%
Thursday 25 May 2023 01:00
3.5%
3.5%
Tuesday 11 April 2023 01:00
3.5%
3.5%
Thursday 23 February 2023 01:00
3.5%
3.5%
Friday 13 January 2023 01:00
3.5%
3.5%
Thursday 24 November 2022 01:00
3.25%
3.25%
Wednesday 12 October 2022 01:00
3%
3%
Thursday 25 August 2022 01:00
2.5%
2.5%
Wednesday 13 July 2022 01:00
2.25%
2.25%
Thursday 26 May 2022 01:00
1.75%
1.75%
Thursday 14 April 2022 01:00
1.25%
1.5%
Thursday 24 February 2022 01:00
-
1.25%
Friday 14 January 2022 01:00
1.25%
1.25%
Thursday 25 November 2021 01:00
1%
1%
Tuesday 12 October 2021 01:00
0.75%
0.75%

Economic context

Other recent announcements which may affect the market's interpretation of the next BoK Interest Rate Decision result:

PreviousLatest
Gross Domestic Product Growth (QoQ) (no change)-0.2%-0.2%

About BoK Interest Rate Decision

Country:South Korea
Currency:KRW
Source:Bank of Korea
Category:Interest Rates
Frequency:Monthly
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