# South Korea Korea: Bank of Korea Base Rate (policy rate, end of month)

South Korea Korea: Bank of Korea Base Rate (policy rate, end of month) was 3.0% in October 2026, unchanged from September 2026 and up 0.5 percentage points from a year earlier.
Over the past ten years it has ranged from 0.5% (May 2020) to 3.5% (Jan 2023), averaging 2.0%.

- Source agency: Bank of Korea
- Makrognosis code: `KR.IR.M.NSA`
- Frequency: monthly
- Units: % p.a.
- Coverage: 1999-05-01 to 2026-10-01 (330 observations)
- Page: https://makrognosis.robomacro.com/data/south-korea/korea-bank-of-korea-base-rate-policy-rate-end-of-month

## Recent data

| Period | Value |
|---|---:|
| October 2026 | 3.0% |
| September 2026 | 3.0% |
| August 2026 | 3.0% |
| July 2026 | 2.8% |
| June 2026 | 2.5% |
| May 2026 | 2.5% |
| April 2026 | 2.5% |
| March 2026 | 2.5% |
| February 2026 | 2.5% |
| January 2026 | 2.5% |
| December 2025 | 2.5% |
| November 2025 | 2.5% |
| October 2025 | 2.5% |
| September 2025 | 2.5% |
| August 2025 | 2.5% |
| July 2025 | 2.5% |
| June 2025 | 2.5% |
| May 2025 | 2.5% |
| April 2025 | 2.8% |
| March 2025 | 2.8% |
| February 2025 | 2.8% |
| January 2025 | 3.0% |
| December 2024 | 3.0% |
| November 2024 | 3.0% |

## API

```
curl -H "X-API-Key: $MAKROGNOSIS_KEY" \
  "https://makrognosis.robomacro.com/v1/series/KR.IR.M.NSA"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/series/KR.IR.M.NSA",
                 headers={"X-API-Key": KEY})
obs = r.json()["observations"]
```