Media Survey: South Korea Central Bank Expected to Keep Interest Rates Unchanged and Raise Outlook.

The Bank of Korea is expected to raise its growth forecast next week and maintain its policy rate at 2.50% for the fourth consecutive time. Of the 11 analysts surveyed by The Wall Street Journal, 10 expect no change in rates at the policy meeting on November 27. These analysts say that stronger-than-expected GDP growth in the third quarter and robust chip exports in the country would prompt the Bank of Korea to raise its earlier growth forecasts for 2025 and 2026 of 0.9% and 1.6%, respectively. The analysts added that with the urgency to support growth diminishing, the focus will be on whether the Bank of Korea intends to change its easing stance.