Bank of Korea Delivers Second Consecutive Rate Hike Amid AI-Driven Growth

MarketWatch · CNBC · first seen 27.08.2026 · updated 27.08.2026

The Bank of Korea raised its policy rate by 25 basis points to 3% and upgraded growth forecasts, underpinned by an ongoing AI expansion confirmed by strong tech earnings.

The Bank of Korea raised its policy rate by 25 basis points to 3%.
Growth forecasts for South Korea were upgraded.

Sources

MarketWatch — Second straight rate hike for Asia’s number-three economy as Nvidia-led AI expansion continues
CNBC — Bank of Korea delivers back-to-back rate hikes as core inflation stays elevated

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