South Korea Central Bank Raises Rates to 3%, Upgrades Growth Forecast
The Bank of Korea raised its benchmark interest rate by 25 basis points to 3 percent for a second consecutive meeting, citing persistent core inflation. Simultaneously, the central bank upgraded its 2026 economic growth forecast to 3.3 percent, driven by robust semiconductor exports.
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Bank of Korea hikes rates again as core inflation stays elevated
The Bank of Korea hiked rates by 25 basis points to 3%, its highest since January 2025 and in line with expectations.
Read full article →BOK raises rate to 3%, lifts growth forecast
The Bank of Korea on Thursday raised its benchmark interest rate for a second consecutive meeting, pressing ahead with monetary tightening amid persistent inflationary pressures. The Monetary Policy Board lifted the rate by 0.25 percentage point to 3 percent, following an increase of the same size in July. Thursday’s decision came amid strong inflationary pressure fueled by rising incomes from the semiconductor boom. Real gross domestic product grew 0.6 percent in the second quarter from the pre
By The Korea Herald
Read full article →(LEAD) BOK lifts S. Korea's growth outlook to 3.3 pct for 2026 on strong chip exports
SEOUL, Aug. 27 (Yonhap) -- The Bank of Korea (BOK) on Thursday raised its econom...
By Kim Boram
Read full article →BOK delivers back-to-back rate hikes as price pressures persist
Read full article →Bank of Korea hikes interest rates by 25 bps as expected
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