Bank of Korea is expected to raise rates on Thursday, its first increase in more than three years. Barclays economist Bum Ki Son said the central bank's upward revisions to growth and inflation at the prior meeting amounted to a clear signal. The governor had said policy goals were unusually aligned toward tightening, and the bank is expected to follow through on that "commitment".

2026-07-15

Bank of Korea is expected to raise rates on Thursday, its first increase in more than three years. Barclays economist Bum Ki Son said the central bank's upward revisions to growth and inflation at the prior meeting amounted to a clear signal. The governor had said policy goals were unusually aligned toward tightening, and the bank is expected to follow through on that "commitment".