FX BANK FORECAST · COVERAGE
Aggregated year-end forecasts, scenario shifts, and curated analyst notes from 30 institutional desks. No promotion.
Base rate
2.75%
as of 2026-02-26
Next meeting
Jul 16
T-5d
The Bank of Korea is the central bank of the Republic of Korea, with a primary mandate of price stability and a secondary mandate of financial stability. Its Monetary Policy Board sets the Base Rate at approximately eight policy-setting meetings each year.
Policy decisions are announced on the dates above. Source: official central bank schedules.
Base rate
2.75%
As of 2026-02-26
KRW 2026 consensus
1380.00
median of 18 banks
Next macro event
Unemployment Rate (Jun)
| Med |
| 2.8% |
| 2.8% |
| Interest Rate Decision | KR | Med | — | 2.5% |
| GDP Growth Rate YoY (Q2) | KR | Med | 3.5% | 3.8% |
| GDP Growth Rate QoQ (Q2) | KR | Med | 1.2% | 1.8% |
| Consumer Confidence (Jul) | KR | Med | 107% | 106.6% |
| Business Confidence (Jul) | KR | Med | 81% | 79% |
| Exports YoY (Jul) | KR | Med | — | 70.9% |
| S&P Global Manufacturing PMI (Jul) | KR | Med | — | 52.1 Points |
5 most-recent items prefer LLM synthesis where available
The desk views South Korea's inflation management as effective in the short term, with government measures mitigating the impact of high energy prices. Per the full note from ing-think, while…
The desk interprets Chang Yong Rhee's farewell address as a pivotal moment for the Bank of Korea, signaling potential shifts in monetary policy direction. Per the full note [source], Rhee emphasized…
The Bank of Korea (BOK) is poised to shift towards a hawkish monetary policy stance, as indicated by senior deputy governor Ryoo Sang-dai's recent comments. With economic growth tracking at no lower…
Lead — The desk anticipates a strengthening of the JPY in light of recent discussions between the Bank of Korea and the Bank of Japan regarding monetary policy collaboration. Per the full note…
The desk believes that the recent joint workshop between the Bank of Korea and the Bank of Japan signals a collaborative approach to regional monetary policy, which could influence currency dynamics…
Reports referencing BoK across covered research desks
The next Bank of Korea (BoK) policy decision is scheduled for Jul 16. Because Bank of Korea sets monetary policy for the KRW, its rate decisions and forward guidance are among the most important scheduled catalysts for KRW exchange rates, and sell-side FX desks reposition their KRW forecasts around each meeting. FX Bank Forecast tracks how the major investment banks' KRW targets shift before and after BoK decisions, so you can see whether the consensus is moving with the policy path or diverging from it. Watching the cross-bank reaction to each meeting is often a more durable signal than any single house call.
Bank of Korea's policy lean is read from its most recent decisions and guidance. A more hawkish stance — biased toward higher-for-longer rates — tends to be supportive of the KRW, while a dovish, easing-biased stance tends to weigh on it, though the market reaction always depends on what was already priced in. What matters for KRW forecasting is less the stance in isolation than how it compares with what investment banks expected and how it shifts the projected rate path. FX Bank Forecast aggregates how 30 major banks read the BoK path and translates it into where the KRW consensus and its dispersion sit.
Monetary-policy expectations are one of the dominant drivers of currency moves, so Bank of Korea's decisions — and, just as importantly, how they compare with other central banks — feed directly into where strategists set their KRW targets. Relative policy paths (the BoK versus the Fed and other majors), the pace of cuts or hikes, and the tone of guidance are the channels through which BoK actions transmit into the KRW. FX Bank Forecast compares the published KRW forecasts of 30 major investment banks side by side and shows how that consensus — and the spread of views around it — shifts as the BoK outlook evolves.