The Bank of Korea said that South Korea's economic growth in 2026 and 2027 is expected to be “significantly higher” than the bank's August forecast. The Bank of Korea will continue to implement monetary policy to “stabilize consumer price inflation at target levels in the medium term,” while focusing on economic growth and financial stability. Inflation is expected to remain above target levels “for quite some time”, mainly driven by the gradual transfer of previously accumulated cost pressure and rising demand pressure. The Bank of Korea said it is still necessary to continue to pay attention to financial imbalances related to the housing market and household debt in Seoul and surrounding areas. The Bank of Korea will determine the timing and pace of further interest rate hikes while evaluating inflation, domestic economic trends, and financial stability.

The Bank of Korea said that South Korea's economic growth in 2026 and 2027 is expected to be “significantly higher” than the bank's August forecast. The Bank of Korea will continue to implement monetary policy to “stabilize consumer price inflation at target levels in the medium term,” while focusing on economic growth and financial stability. Inflation is expected to remain above target levels “for quite some time”, mainly driven by the gradual transfer of previously accumulated cost pressure and rising demand pressure. The Bank of Korea said that it is still necessary to continue to pay attention to financial imbalances related to the housing market and household debt in Seoul and surrounding areas. The Bank of Korea will determine the timing and pace of further interest rate hikes while evaluating inflation, domestic economic trends, and financial stability.