Business

Second straight rate hike for Asia’s number-three economy as Nvidia-led AI expansion continues

MarketWatch · August 27, 2026 at 5:34 AM

Second straight rate hike for Asia’s number-three economy as Nvidia-led AI expansion continues

The Bank of Korea tightened monetary policy by 25 basis points to 3% Thursday while simultaneously raising growth forecasts.

Asia’s third-largest economy is being powered by an AI boom that Nvidia’s second-quarter results confirmed is far from being over.

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Second straight rate hike for Asia’s number-three economy as Nvidia-led AI expansion continues

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