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Bank of Korea likely to hold rates at first monetary policy meeting of 2026

The Bank of Korea is expected to hold its benchmark rate at its first Monetary Policy Board meeting of 2026 on Jan. 15, as the won remains weak and volatile and policy-change triggers appear limited. Analysts focus on possible changes to forward guidance, growth forecasts and the central bank’s stance on the exchange rate and inflation. Views differ on growth upgrades, while concerns persist over housing market overheating and financial imbalances.