Citi maintains forecast for Bank of Korea rate hikes in November and February despite KOSPI decline
Citibank Korea maintained its forecast that the Bank of Korea is likely to raise its policy rate by 0.25 percentage points in November 2026 and again in February 2027, despite the KOSPI's decline. Economist Kim Jin-wook cited continued increases in spot DRAM prices and expected the central bank to raise the median of its conditional six-month rate projections from 3.25% to 3.50% at its November 26 meeting.