Bank of Korea is South Korea's central bank.
- May 2024 policy decision is to leave the base rate at 3.5%, as expected
Forecast updates issued:
- Sees 2024 inflation at 2.6% (unchanged from February forecast of 2.6%)
- Sees 2025 inflation at 2.1% (unchanged from February forecast of 2.1%)
- Sees 2024 GDP growth at 2.5% (vs, 2.1% previously forecast)
- Sees 2025 GDP growth at 2.1%
