Korea's growth outlook to 3.3 pct for 2026 on strong chip exports
27 -- The Bank of Korea raised the benchmark rate by 0.25 percentage point for the second straight meeting Thursday to curb mounting inflationary pressure.
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Summary
The South Korean economy grew 1.8 percent in the first quarter from a quarter earlier, marking the strongest quarterly growth since the third quarter of 2020, when the economy expanded 2.2 percent. In particular, core inflation, which excludes volatile food and energy prices, advanced 2.6 percent from a year earlier in July, the sharpest increase since the 2.8 percent growth posted in December 2023. Bank of Korea hikes interest rates by 25 bps as expected.
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The South Korean economy grew 1.8 percent in the first quarter from a quarter earlier, marking the strongest quarterly growth since the third quarter of 2020, when the economy expanded 2.2 percent.
according to Yonhap NewsIn particular, core inflation, which excludes volatile food and energy prices, advanced 2.6 percent from a year earlier in July, the sharpest increase since the 2.8 percent growth posted in December 2023.
according to Yonhap NewsBank of Korea hikes interest rates by 25 bps as expected.
according to Investing.com
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