Ellen L

#BankOfKoreaHikesRatesTo3% *#BankOfKoreaHikesRatesTo3%* — confirmed ✅ The *Bank of Korea raised its base rate by 0.25% to 3.00% today, Aug 27, 2026* 7e3c *Key details:* - *Back-to-back hike*: This follows the July hike from 2.50% to 2.75%. First consecutive hikes since Jan 2023 - *Why*: "Preemptive decision" to prevent inflationary pressures from spreading. Inflation is above target and expected to stay there - *Growth outlook upgraded*: BOK now forecasts 3.3% GDP growth for 2026, up from 2.6%, driven by strong exports and semiconductor demand - *Inflation*: July CPI was 2.8% YoY, above the 2% target. BOK kept 2026 inflation forecast at 2.7% - *Vote*: 6 out of 7 board members supported the hike. Gov. Hwang Kun-il voted to hold at 2.75% 7e3c10d8a52584af *What’s next:* Median analyst expectation is for one more hike to 3.25% in Q1 2027, then hold. BOK says it will watch inflation, domestic economy, and financial stability risks, especially the housing market and household debt. a52584af *Context*: Rate is now at the highest level since Feb 2025. BOK is aligning with a global hawkish shift while Fed holds restrictive rates and BoJ stays cautious. a525 This means higher borrowing costs in Korea — expect mortgage rates, savings rates, and corporate loan rates to move up. Savings banks are already offering 1-year deposits around 3.4%. 52b6 Want me to track how KOSPI or KRW reacts to this?