Bank of Korea raises growth forecasts, lifts next-year inflation outlook

The Bank of Korea says economic growth projections for the current and following years are set to surpass its August estimates of 3.3% and 2.9% by a considerable margin. It kept this year's CPI and core inflation forecasts at 2.7% and 2.5%, but raised next year's inflation forecasts above August estimates of 2.3% and 2.5%. It cited escalating Middle East risks and chip industry developments as clouding the outlook.

Detected & updated continuously · Source: Nebula