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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Asia week ahead: Korea rate call, data from China and India
The desk anticipates a 25 basis point rate hike from the Bank of Korea (BoK), signaling the start of a tightening cycle in response to rising inflation and resilient economic growth. Per the full note from ing-think, South Korea's inflation has firmed, prompting the BoK to reassess its monetary policy stance. Meanwhile, Indian inflation is projected to tick up slightly in June amid pressures from core inflation, while mixed signals from China reveal ongoing economic complexities. Collectively, these developments form the basis for a cautious but bullish outlook on the Korean won against the backdrop of broader Asian FX trends.