[The Bank of Korea Expects Inflation to Remain Above Target, Reaffirms Tight Monetary Policy Stance] The Bank of Korea expects steady economic growth and inflation above target to persist for a considerable period, reaffirming its tight monetary policy stance. The Bank of Korea will closely monitor price trends, economic conditions, and financial stability to determine the timing and pace of raising the benchmark interest rate. Tensions in the Middle East may increase cost pressures, while chip-driven export growth could translate into domestic demand and demand-side price pressures. (Source: Jin10)