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Standard Chartered Raises South Korea 2026 GDP Growth to 2.9%, Predicts July Rate Hike

2026-07-13 08:09:22

According to Standard Chartered economist Park Jong-hoon on July 13, the Bank of Korea (BOK) is expected to unanimously raise its benchmark interest rate at the July monetary policy committee meeting. Park raised South Korea's 2026 GDP growth forecast to 2.9% from 2.6% and inflation outlook to 2.7% from 2.5%, citing stronger-than-expected growth and price pressures from won depreciation. He now sees increased possibility of three rate hikes this year, compared to the previous forecast of two hikes. Standard Chartered projects the year-end USD/KRW exchange rate at 1,525.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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