Bank of Korea freezes base interest rate at 2.50% in May... Maintaining policy prudence

Data base date: May 28, 2026

The Monetary Policy Committee of the Bank of Korea maintained the base interest rate at 2.50% per annum. Following the decision to freeze in April and May, the company continued its cautious stance to further check external conditions, domestic prices, and financial stability.

If the base interest rate is maintained, changes in financial costs starting from the policy interest rate will be limited. However, market interest rates can move separately depending on the economic outlook, bond supply and demand, and expectations of monetary policy in major countries, so the actual financing costs of households and companies are not necessarily fixed.

Future monetary policy is expected to be influenced not only by growth and prices, but also by financial stability indicators such as household loans, housing markets, and exchange rates. Borrowers need to check not only the interest rate level, but also the repayment period and proportion of variable interest rates.

Data source: Bank of Korea monetary policy direction (2026.5.28)