LivewireOct 21, 2026 · 20:52 ET

Bank of Korea holds rates after President Lee calls for boosting housing supply

The Bank of Korea paused after two hikes, with inflation still above target and officials still focused on housing supply.

✓Source-backed summarySource: CNBC

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Key developments

South Korea's central bank kept its policy rate steady at 3% on Thursday, after two straight hikes.
Economists polled by Reuters had forecast the Bank of Korea to hold rates.
President Lee Jae Myung reportedly called for an "all out effort" to boost housing supply; inflation came in at 2.9% in September and had stayed at or above the BOK's 2% target for 13 months.

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