{
  "data": {
    "id": "bank-of-korea-2026-08-27",
    "bank": "bank-of-korea",
    "bankName": "Bank of Korea",
    "country": "KR",
    "date": "2026-08-27",
    "announceAt": null,
    "timezone": "Asia/Seoul",
    "dateStatus": "published",
    "movedFrom": null,
    "rateBefore": 2.75,
    "step": 0.25,
    "calendarSource": "https://www.bok.or.kr/eng/main/contents.do?menuNo=400020",
    "citation": "BOK \"Meeting Dates\" page, \"Schedule of the MPB's policy-setting meetings\" 2026: Aug.27 (Thu). The BOK publishes no announcement time on this page, so announceAt is left out.",
    "settleSource": {
      "role": "decision-statement",
      "pattern": "https://www.bok.or.kr/eng/bbs/E0000627/view.do?nttId=<id>&...&menuNo=400022, titled \"Monetary Policy Decision & Opening Remarks to the Press Conference(<date>)\"",
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      "resolvable": false,
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        "wrong": 0,
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    },
    "observed": {
      "at": "2026-08-27",
      "rateBefore": 2.75,
      "rateAfter": 3,
      "direction": "raise",
      "statement": "https://www.bok.or.kr/eng/bbs/E0000627/view.do?nttId=11064194&pageUnit=10&depth3=400022&depth2=400007&depth=400022&pageIndex=1&programType=newsDataEng&menuNo=400022&oldMenuNo=400022",
      "observed": true
    },
    "page": "https://macroindex.org/bank/bank-of-korea/decision/2026-08-27",
    "account": {
      "summary": "The Bank of Korea raised its Base Rate by 25 basis points to 3.00%, its second increase in a row.",
      "vote": "6–1",
      "dissent": "One member, Hwang Kunil, voted against, proposing to keep the Base Rate at 2.75%.",
      "reasons": [
        "The Board said the economy was growing faster than expected and raised its growth forecasts to 3.3% for 2026 and 2.9% for 2027, from 2.6% and 2.1% in May.",
        "It said inflation, 2.8% in July with core at 2.6%, was expected to stay above target for a considerable time and that preemptive action was needed to keep inflationary pressures from becoming widespread.",
        "It pointed to faster house price increases in Seoul and its surrounding areas and household debt growth as financial-stability risks."
      ],
      "guidance": "The Board said it will decide the timing and pace of further Base Rate increases while assessing inflation, the economy and financial stability.",
      "links": [
        {
          "label": "Minutes",
          "url": "https://www.bok.or.kr/eng/bbs/E0001620/view.do?nttId=11064684&searchCnd=2&searchKwd=Minutes+of+the+Monetary+Policy+Board&pageUnit=20&depth=400007&pageIndex=1&programType=newsDataEng&menuNo=400021&oldMenuNo=400021"
        },
        {
          "label": "Press conference opening remarks",
          "url": "https://www.bok.or.kr/fileSrc/eng/358f68ee07064a36b6bf587453bf9280/4/a66d4efa1b854f15bafc67957b6401a2.pdf"
        }
      ],
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      ],
      "at": "2026-10-10"
    }
  },
  "meta": {
    "dataset_version": "2026-10-10.30752eb2",
    "built_at": "2026-10-10T18:04:32Z",
    "generated_at": "2026-10-10T20:39:19.696Z",
    "licence": "CC BY 4.0: credit \"Macro Index\" and link to the site",
    "docs": "https://macroindex.org/openapi.json"
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}