Goldman Sachs Forecasts Two 25bp Rate Hikes for South Korea in Q3, Q4 2026 Amid AI Export Boom

According to Goldman Sachs economists led by Tilton, South Korea's central bank faces pressure to raise rates by 25 basis points each in the third and fourth quarters of 2026, driven by surging chip and AI-related exports. The bank predicts AI-related exports could triple this year, reaching nearly 30% of GDP, while non-tech exports remain weak due to regional oversupply and energy shocks. Goldman Sachs noted the K-shaped recovery suggests the need for targeted fiscal policy, with currency appreciation expected as AI-driven exports accelerate.
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