Bank of Korea seen hiking to 2.75% this week, on Thursday, more to come by year end
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A near unanimous poll result leaves little room for surprise on the decision itself, so the real interest lies in the pace beyond Thursday, whether the BOK delivers a single further move to 3% this year or opens the door to back to back hikes if the won keeps weakening. The BOK's
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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.