The Bank of Korea has increased its growth forecast for the South Korean economy to 2 percent for this year, citing strong exports and a recovery in private consumption.

A survey indicates that 99% of bond experts expect the Bank of Korea to maintain its key interest rate at the current level.

The Bank of Korea forecasts significantly higher GDP growth, primarily attributing this positive outlook to a boom in the chip industry.

South Korea's central bank maintained its benchmark interest rate for the sixth consecutive meeting, citing stronger-than-expected growth and efforts to ensure financial stability amidst a weak currency and unstable housing market.

A Reuters poll indicates that the Bank of Korea is expected to keep interest rates steady at 2.50% through 2026.

Industrial Bank of Korea President Chang Min-young has taken office, committing to deploy 300 trillion won ($207 billion) by 2030 to support the government's productive finance initiatives.

The Bank of Korea has adopted a new forward guidance strategy, aligning its communication with the US Federal Reserve's dot plot to provide clearer signals on future monetary policy.

South Korea's producer prices rose for a fifth consecutive month in January, driven by a marked increase in semiconductor prices and higher agricultural costs, central bank data showed Tuesday. The producer price index , a key gauge of future consumer inflation, climbed 0.6 percent from a month earlier to 122.50 in January, accelerating from a 0.4 percent rise in December, according to the preliminary data from the Bank of Korea. The index has increased steadily since September, rising 0.4 perce