Dutch International: The Bank of Korea is expected to resume raising interest rates in 2027.
Senior economist Min Joo Kang of the Netherlands International Group wrote in a report that the Bank of Korea is expected to resume raising interest rates in 2027. Kang stated, however, that if Korea's growth and inflation accelerate faster than expected, tightening policy could start earlier - possibly in the fourth quarter of 2026. The Netherlands International Group predicts that the country's gross domestic product will grow by 2.2% in 2026, faster than the Bank of Korea's latest forecast of a 2.0% increase. She added that the risk of the Bank of Korea raising interest rates earlier than expected may be limited due to the K-shaped recovery, in which the information technology sector performs strongly while non-information technology sectors lag behind.
Latest

