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Asia's Economy Responds to AI Boom

Updated 2026-08-27 09:40 UTC 1 source Neutral

The Bank of Korea raised interest rates by 25 basis points, forecasting strong growth amid an ongoing AI boom. This decision follows a second consecutive rate hike and is driven by Nvidia’s robust financial performance.

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MarketWatch

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.

2026-08-27 09:34 UTC