The majority of members expressed the view that, after considering the overall domestic and international financial and economic conditions, it would be appropriate to raise the Base Rate from its current level of 2.75% to 3.00% until the next Monetary Policy Board meeting.

    Meanwhile, Kunil Hwang argued that the Base Rate should be kept unchanged at its current level of 2.75%

(Monetary Policy Board Meeting on August 27, 2026)