Citi analyst Jin-Wook Kim has indicated that due to strong first-quarter GDP data and ongoing fiscal stimulus, the Bank of Korea is expected to raise its 2026 GDP growth forecast from the previous 2.0% to a range of 2.5%-2.7% at its policy meeting on May 28. According to Jin10, Kim also noted that considering the impact of rising oil prices, the Bank of Korea is expected to adjust its 2026 consumer inflation forecast from the previous 2.2% to a range of 2.6%-2.8%. Citi maintains its view that the Bank of Korea will implement four interest rate hikes, scheduled for July and October 2026, as well as January and April 2027.