South Korea Central Bank Delivers Back-to-Back Rate Hike, as Expected
The seven-member board voted 25 basis points higher as inflation stayed above target and 18 of 35 economists in a Reuters poll expected the move.
9 Articles
9 Articles
South Korea central bank delivers back-to-back rate hike, as expected
The Bank of Korea's Monetary Policy Committee will hold a meeting on the 27th to decide on the base interest rate. At last month's meeting, the BOK raised the rate from 2.5% to 2.75%, marking the first increase in three years and six months. Previously, a survey conducted by Chosun Biz among 10 macro and bond experts from domestic securities firms revealed that five predicted the BOK members would decide to raise the rate by 0.25 percentage poin…
Growth and inflation cited as justifications for a hike… Views of a freeze also observed due to falling exchange rates, etc. Attention focused on the dot plot and dissenting opinions… If frozen, a hike is expected in October. Reporters Han Ji-hoon, Im Ji-woo, and Lee Do-heun = The Bank of Korea's Monetary Policy Committee [regarding] the base interest rate [regarding] at the Monetary Policy Direction meeting held on the morning of the 27th...
[Digital Daily Reporter Lee Ho-yeon] The Bank of Korea raised its base interest rate by 0.25 percentage points (p) from 2.75% to 3.00%. This marks a "back-to-back" hike, raising rates for two consecutive months following last month, and the base rate has returned to the 3% range for the first time in one year and nine months. The Bank of Korea's Monetary Policy Committee held a meeting on the direction of monetary policy on the 27th and raised …
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