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On Hold, 2024 & 2025 Forecasts Unchanged

BOK

As widely expected the BoK left rates on hold at 3.50%. The BoK also left its inflation and growth forecasts unchanged for 2024 and 2025 (versus Nov 2023 estimates).

  • The central bank sees 2024 CPI at 2.6%/ 2025 CPI is projected at 2.1%.
  • For growth, 2024 GDP is forecast at 2.1%, 2025 growth is projected at 2.3%.

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