Bank of Korea keeps base rate unchanged at 2.50%, as expected
- Raises 2026 GDP growth forecast to 2.0% from 1.8% sees 2027 growth at 1.8%.
- Raises 2026 CPI forecast to 2.2% from 2.1% and sees 2027 CPI at 2%.
Context
The Bank of Korea's decision to keep the base rate at 2.50% aligns with market expectations, suggesting stability in their monetary policy approach. The upward revision of GDP and CPI forecasts indicates a slightly more optimistic economic outlook, which could imply a gradual shift toward tightening measures in the future, impacting investor sentiment across asset classes.
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