Bank of Korea preview - set to hold on Thursday (28 May) as rate hike bets build for Q3
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The Bank of Korea is expected to hold its base rate at 2.50% on May 28, but over 70% of economists in a Reuters poll now forecast at least one hike by end-September as Iran war inflation builds. Summary: Source: Reuters poll of 29-32 economists Thirty of 32 economists polled by R
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4 itemsBank of Korea holds at 2.50% but dot plot points firmly to rate hikes ahead
RBNZ set to hold at 2.25% but majority now see hikes coming by end-September
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.
Bank of Korea signals interest rate hikes are near
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