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BoK

Bank of Korea

BoKSouth Korea·KRW

Base rate

2.75%

as of 2026-02-26

Next meeting

May 28

T-1d

The Bank of Korea is the central bank of the Republic of Korea, with a primary mandate of price stability and a secondary mandate of financial stability. Its Monetary Policy Board sets the Base Rate at approximately eight policy-setting meetings each year.

Meeting Schedule (2026)

Jan 15Feb 26Apr 10May 28Jul 16Aug 27Oct 22Nov 26

Policy decisions are announced on the dates above. Source: official central bank schedules.

Primary Currency
KRW
Cross-firm view, consensus targets, and live rate

Base rate

2.75%

As of 2026-02-26

KRW 2026 consensus

1380.00

median of 18 banks

Next macro event

Exports YoY (May)

Jun 1

Upcoming Macro Calendar — South Korea

Next 6 high+medium impact events (next 30d)

DateEventCountryImpactConsensusPrevious
Mon, Jun 1Exports YoY (May)KRMed48%48%
Mon, Jun 1S&P Global Manufacturing PMI (May)KRMed5353.6
Mon, Jun 1Inflation Rate YoY (May)KRMed2.6%
Wed, Jun 10Unemployment Rate (May)KRMed2.8%
Mon, Jun 22Consumer Confidence (Jun)KRMed95%106.1%
Wed, Jun 24Business Confidence (Jun)KRMed75%80%

Recent Commentary on BoK

Updated 21 days ago

5 most-recent items prefer LLM synthesis where available

BIS SPEECHES

Chang Yong Rhee: Farewell address

The desk interprets Chang Yong Rhee's farewell address as a pivotal moment for the Bank of Korea, signaling potential shifts in monetary policy direction. Per the full note [source], Rhee emphasized…

May 5, 2026central-bank

Bank Consensus on KRW

Aggregated 2026 year-end target across 18 sell-side firms

Median vs spot: +0.0%

Median
1380.00
Spread
180.00
Top Bull
Citi1460.00

Firm Coverage

Reports referencing BoK across covered research desks

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FX BANK FORECAST · COVERAGE

Institutional FX coverage in your inbox

Aggregated year-end forecasts, scenario shifts, and curated analyst notes from eight institutional desks. No promotion.