Bank of Korea official says Bank has capacity to take steps on the weak won
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A little jawboning to try to prop up KRW This article was written by Eamonn Sheridan at investinglive.com.
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South Korea's central bank ready to turn hawkish as chip boom masks inflation pressure
The Bank of Korea (BOK) is poised to shift towards a hawkish monetary policy stance, as indicated by senior deputy governor Ryoo Sang-dai's recent comments. With economic growth tracking at no lower than 2.0% and inflation above 2.2%, the BOK is likely to signal interest rate hikes at its upcoming meeting on May 28 under new governor Shin Hyun-song. Per the full note [source], the ongoing chip export boom provides a buffer against inflationary pressures, yet the won's weakness at 17-year lows complicates the inflation landscape. This sets the stage for a significant policy pivot that could influence regional FX dynamics.