Woofun AI reports that the Bank of Korea is anticipated to implement its first interest rate increase in over three years this Thursday. June inflation reached 3.2%, a two-and-a-half-year high, while Q1 economic growth accelerated to its fastest pace in nearly six years.

A survey of 37 economists indicates 36 expect the base rate to rise to 2.75% on July 16. The majority forecast an additional hike to 3.00% by year-end, with median projections placing the rate at 3.25% in Q1 2027.