South Korea's Bank of Korea raised its benchmark interest rate by 25 basis points to 3% on August 27, 2026, marking the second consecutive rate hike. The central bank simultaneously raised its 2026 growth forecast to 3.3% from 2.6%, citing stronger-than-expected economic performance driven by semiconductor exports, while maintaining concern about elevated inflation.
2 of 7 articles were readable. Headline only, no body text retrieved, for: asia.nikkei.com, asiae.co.kr, businesstimes.com.sg, chosun.com, wsj.com. Nothing below is drawn from those outlets beyond their headline.
Who reported it
- asia.nikkei.comUNCLASSIFIED
- asiae.co.krUNCLASSIFIED
- businesstimes.com.sgUNCLASSIFIED
- chosun.comUNCLASSIFIED
- cnbc.comUNCLASSIFIED
- en.sedaily.comUNCLASSIFIED
- wsj.comINDEP
References
- asia.nikkei.comBank of Korea delivers back-to-back rate hikes to cope with inflationOriginalNo durable copy — do not citecaptured 2026-08-27T11:05:03
- asiae.co.krBank of Korea Raises This Year's Growth Forecast to 3.3%...Ups Next Year by 0.8 Points (Updated)OriginalNo durable copy — do not citecaptured 2026-08-27T11:05:03
- businesstimes.com.sgBank of Korea delivers back-to-back rate hike to curb inflation risksOriginalNo durable copy — do not citecaptured 2026-08-27T11:05:03
- chosun.comBank of Korea Raises Growth Forecast to 3.3% on Semiconductor BoomOriginalNo durable copy — do not citecaptured 2026-08-27T11:05:03
- cnbc.comBank of Korea delivers back-to-back rate hikes as core inflation stays elevatedScreenshot as publishedOriginalcaptured 2026-08-27T11:05:03
- en.sedaily.comBank of Korea Lifts 2026 Growth Forecast to 3.3% From 2.6%Screenshot as publishedOriginalcaptured 2026-08-27T11:05:03
- wsj.comBank of Korea Hikes Again as It Raises Growth, Inflation ForecastsScreenshot as publishedOriginalcaptured 2026-08-27T11:05:03
Carried by multiple outlets
- Bank of Korea raised interest rates by 25 basis pointscnbc.com, businesstimes.com.sg, asia.nikkei.com
- This was the second consecutive rate hikecnbc.com, businesstimes.com.sg, asia.nikkei.com
- Bank of Korea raised its 2026 growth forecast to 3.3%en.sedaily.com, asiae.co.kr, chosun.com
- The rate increase was made to address inflation concernscnbc.com, businesstimes.com.sg
- Semiconductor exports contributed to stronger economic growthen.sedaily.com, chosun.com
Reported by one outlet only
- The rate of 3% is the highest since January 2025only cnbc.com
- Core inflation reached the highest level since December 2023only cnbc.com
- Headline inflation in July cooled to 2.8% after rising for four straight months since the Iran war started in Februaryonly cnbc.com
- The economy grew 3.7% in the second quarteronly cnbc.com
- The 0.7 percentage point increase from the May forecast is the largest revision in five yearsonly en.sedaily.com
- If the 3.3% projection holds, South Korea would post growth above 3% for the first time in five years, since 2021only en.sedaily.com


