Bank Of Korea Raises Growth Forecast To 2%

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.