China’s Xi speaks with Trump by phone, discusses Taiwan and bilateral ties
Investing.com - The Bank of Korea (BOK) is expected to maintain its current benchmark interest rate at 2.50% during its upcoming meeting on November 27, according to market pricing and analyst forecasts.
BofA economists Benson Wu and Ting Him Ho have aligned with market expectations, predicting the central bank will keep rates unchanged at the November meeting. This would extend the BOK’s holding pattern as it navigates current economic conditions.
The financial institution has revised its longer-term outlook for Korean monetary policy, now forecasting one additional rate cut that would bring the terminal rate to 2.25%, a revision from its previous projection of 2.00%. This adjustment suggests a more moderate easing cycle than previously anticipated.
BofA anticipates this rate reduction will likely occur in early 2026 rather than the second half of the year. The timing of this potential cut remains flexible, with analysts noting it may be influenced by movements in the USD/KRW exchange rate.
The Federal Reserve’s own rate cut trajectory will also play a significant role in determining when the Bank of Korea implements its expected easing, highlighting the interconnected nature of global monetary policy decisions.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.