{
  "id": 3657618,
  "title": "(3rd LD) BOK delivers back-to-back rate hike to 3 pct, revises up 2026 forecast to 3.3 pct",
  "url": "https://urgent.news/2026/08/27/3rd-ld-bok-delivers-back-to-back-rate-hike-to-3-pct-revises-up-2026",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-27T03:37:30.000Z",
  "source": {
    "name": "Yonhap News",
    "slug": "yonhap-news",
    "url": "https://en.yna.co.kr/view/AEN20260827001253320"
  },
  "original_language": "en",
  "account": "SEOUL, Aug. 27 (Yonhap) -- The Bank of Korea (BOK) increased the benchmark interest rate by a quarter-point for the second consecutive meeting on Thursday to combat surging inflation. The Monetary Policy Board hiked the key rate to 3 percent, the highest level since January 2025. This was the first rate hike in 3.5 years, following a 0.25 percentage point increase in July. The central bank's decision comes as recent government data showed that consumer prices rose 2.8 percent in July from a year earlier, still above the BOK's 2 percent target, though it marked a slight improvement from the previous month.",
  "summary": "SEOUL, Aug. 27 (Yonhap) -- The Bank of Korea (BOK) raised the benchmark rate by ...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 5,
    "also_reported_by": [
      {
        "outlet": "Channel News Asia",
        "title": "BOK delivers back-to-back rate hikes as price pressures persist",
        "url": "https://urgent.news/2026/08/27/bok-delivers-back-to-back-rate-hikes-as-price-pressures-persist-3634718",
        "published": "2026-08-27T01:08:37.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "BOK delivers back-to-back rate hikes as price pressures persist",
        "url": "https://urgent.news/2026/08/27/bok-delivers-back-to-back-rate-hikes-as-price-pressures-persist",
        "published": "2026-08-27T01:12:32.000Z"
      },
      {
        "outlet": "Yonhap News",
        "title": "(URGENT) Unprecedented back-to-back rate hike sends strong signal to market: BOK gov.",
        "url": "https://urgent.news/2026/08/27/urgent-unprecedented-back-to-back-rate-hike-sends-strong-signal-to",
        "published": "2026-08-27T03:01:47.000Z"
      },
      {
        "outlet": "FXStreet",
        "title": "South Korean Won gains on back-to-back BoK interest rate hikes",
        "url": "https://urgent.news/2026/08/27/south-korean-won-gains-on-back-to-back-bok-interest-rate-hikes",
        "published": "2026-08-27T03:12:10.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}