货币政策决策

PRESS RELEASE FOR IMMEDIATE RELEASE February 26, 2026 Monetary Policy Decision The Monetary Policy Board of the Bank of Korea decidedtoday to leave the Base Rate unchanged at 2.50% for the Meanwhile, the Monetary Policy Board decided to improveits conditional Base Rate projection and, beginning with thismeeting, to release a six-month-ahead projection at each (Attachment) The Monetary Policy Board of the Bank of Korea decided today to leave the Base Rateunchanged at 2.50% for the intermeeting period. With inflation expected to remain stable nearthe target level, economic growth is projected to continue improving at a stronger than expected The currently available information suggests that, despite uncertainties regarding the tariffpolicies of the United States, the global economy is expected to maintain favorable growth,supported by increases in AI-related investment and expansionary fiscal policies in majoreconomies. Inflation trajectories are expected to diverge across countries. In global financialmarkets, risk-off sentiment has strengthened somewhat. Long-term government bond yields rose The domestic economy has continued its improvement trend, supported by a recovery inconsumption and strong exports. The increase in the overall number of employed persons hascontinued to grow, led by the service sector. Going forward, the domestic economy is expectedto continue a recovery in consumption, while growth in exports and facilities investment is Consumer price inflation declined to 2.0% in January owing to slower increases in the prices ofpetroleumproducts and of agricultural,livestock,and fisheries products.Core inflation 2.6%. Consumerprice and core inflation for this year are forecast at 2.2%and 2.1%,respectively, higher than the November projection of 2.1% and 2.0%, affected by upward cost In financial and foreign exchange markets, the volatility of major price variables has increased.TheKorean won to US dollar exchange rate fluctuated,influenced by supply-demandimbalances stemming from residents’overseas securities investments and foreign investors’sales of domestic stocks, as well as by movements in neighboring countries’currencies, such asthe Japanese yen, and the rate recently declined significantly. Stock prices continued to rise The Board will continue to conduct monetary policy in order to stabilize consumer priceinflation at the target level over the medium-term horizon as it monitors economic growth whilepaying attention to financial stability. The domestic economy is projected to continue itsimproving growth trend, while inflation is expected to increase slightly but remain on a stable All seven Monetary Policy Board members unanimously supported the decision to keep the (Enclosure) Measures to Improve the Conditional Base Rate Projection Ⅰ. Measures to Improve the Conditional Base Rate Projection 1. Background □Since October 2022,when the Bank of Korea began presenting the“Monetary Policy Board Members’three-month ahead Base Rate ㅇLast year, the Bank also conducted a survey of economic agents andheld a monetary policy conference to broadly gather external views on □Based on a comprehensive review of the pilot test results and the viewsexpressed by market participants and academics, it was determined that 2. Main Features □Participants: All Monetary Policy Board members □Forecast horizon: Six months ahead □Publication frequency:At the time of the Bank of Korea’s economic □Presentation format: Each Monetary Policy Board member presents three ㅇThe projection refers to the level of the Base Rate that each memberjudges to be most appropriate, based on the Bank of Korea’s economic ㅇEach member presents three dots reflecting the probability distributionof his or her Base Rate projection. For example, a member may allocate 3. Expected Effects □The new projection, presented in the form of three dots, enables theprobabilisticrepresentation of the baseline and upside and downside ㅇIt is anticipated that this will support economic agents’ decision-making □The six-month ahead conditional Base Rate projection presented byMonetary Policy Board members at the Monetary Policy Board’s policy Method of Presentation □Each Monetary Policy Board member presents three dots representing ◾The projection refers to the level of the Base Rate that each memberjudgesto be most appropriate,based on the Bank of Korea’s ◾Each member presents three dots reflecting the probabilitydistribution of his or her Base Rate projection. For example, two dotsmaybe assigned to one rate level and one dot to another;