Consumer price inflation is projected to remain around 2 percent, similar to last year's levels, the central bank in its revised economic forecast released on Thursday.
The growth for gross domestic product was upped to 2 percent, which would double the 1 percent growth recorded in 2025. Last year's growth was dragged down to 1 percent from an initial forecast of 1.8 percent, following a 0.3 percent contraction in the fourth quarter.
The outlook for consumer price inflation remains largely unchanged. The central bank expects consumer prices to rise 2.2 percent in 2026 compared with a year earlier, a marginal increase from the 2.1 percent recorded last year.
Looking further ahead, the BOK anticipates that growth will moderate to 1.8 percent in 2027. During the same period, consumer price inflation is forecast to reach 2 percent, reflecting a slight slowdown from this year's projected levels.
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