The Bank of Korea on Feb. 26 raised its 2026 growth forecast to 2.0 percent, up 0.2 percentage point from November, citing strong exports and a semiconductor-led recovery that bolsters private consumption. The central bank kept its policy rate at 2.5 percent, raised this year's current-account surplus forecast to $170 billion, and lifted inflation guidance to 2.2 percent.
Key Points
- 1Raises growth forecast to 2.0 percent, upgrading November's 1.8 percent outlook
- 2Cites semiconductor upcycle and stronger global demand, boosting exports and private consumption
- 3Keeps policy rate at 2.5 percent; signals financial-stability focus amid housing and currency risks
Scoring Rationale
Official BOK forecast update provides timely national economic guidance; limited novelty beyond modest forecast revisions.
Sources
Public references used for this report.
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