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Bank of Korea Holds Rates Steady Amid Growth Outlook

2/26/2026

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Story summary
  • The Bank of Korea held its benchmark seven-day repurchase rate at 2.50% in February 2026, the sixth consecutive meeting.
  • The decision aligns with market expectations and reflects chip-sector support and stable inflation.
  • The Bank of Korea raised its 2026 GDP growth forecast to 2.0% from 1.8%.
  • Policymakers are cautious about the won's weakness against the dollar.
  • They plan to assess financial stability risks before further rate changes.