Woofun AI reports that the Bank of Korea is anticipated to implement its first interest rate increase in over three years this Thursday. South Korea's inflation rate climbed to 3.2% in June, marking a two-and-a-half-year high and surpassing the central bank's 2% target for the fourth consecutive month.

A survey of 37 economists indicates that 36 predict a benchmark rate hike to 2.75% on July 16. Most respondents foresee an additional increase by year-end, potentially reaching 3.00%. BOK Governor Rhee Chang-yong cited persistent inflation driven by geopolitical tensions and strong economic growth as justification for tightening policy.