South Korea's Central Bank Raises Economic Growth and Inflation Forecasts
Deep News
Nov 27
The Bank of Korea has revised its economic growth and inflation projections upward. It now expects the country's GDP to grow by 1.0% in 2025, up from a previous forecast of 0.9%. For 2026, the growth forecast has been raised to 1.8% from 1.6%, while the 2027 GDP growth is projected at 1.9%.
On inflation, the central bank anticipates an average rate of 2.1% in 2025, compared to the earlier estimate of 2.0%. The 2026 inflation forecast has been adjusted to 2.1% from 1.9%, with 2027 inflation expected to be 2.0%.
Additionally, the Bank of Korea maintained its benchmark interest rate at 2.50%, in line with market expectations.
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