Bank of Korea leaves its base rate unchanged at 2.5%, as expected

Bank of Korea forecasts:

• Sees 2025 GDP growth at 0.9%
• Sees 2026 GDP growth at 1.6%
• Sees 2025 headline inflation at 2.0% vs 1.9% previously
• Sees 2026 inflation at 1.9% vs 1.8% previously

Governor Rhee Chang-yong will hold a press conference at 0210 GMT (2210 US Eastern time)