Bank of Korea Gov.
Shin Hyun-song speaks during a parliamentary session at the National Assembly in Seoul, Thursday.
Yonhap The Bank of Korea (BOK) is widely expected to raise its benchmark interest rate on Thursday, with markets focusing on whether the central bank will signal further tightening, analysts said Monday.
The BOK is anticipated to raise its policy rate by 0.25 percentage points, to 2.75 percent, at Thursday's Monetary Policy Board meeting, in what would mark its first rate increase since January 2023.
Markets are increasingly eyeing another 0.25 percentage point hike as early as August or October.
