Bank of Korea chief: AI boom drives 3.3% growth, but tightening stays until inflation is tamed
- —The AI cycle is supporting 3.3% growth in South Korea this year
- —Both headline and core inflation are expected to stay above the 2% target
- —Hyperscaler AI infrastructure investment is pushing long-term yields higher
- —The Bank of Korea raised rates twice this summer and plans to stay restrictive
Why it matters: Sustained tightening by the Bank of Korea and rising long-term yields from AI investment weigh on risk assets, including crypto.
Source: Bloomingbit