BoK to carry out a rate cut within the year – ING
|The Bank of Korea stays put for the first time since April 2022. Economists at ING think the BoK may begin its rate cut cycle in the fourth quarter of the year.
BoK puts brakes on rate hike but keeps hawkish tilt
“The BoK’s ‘hold’ decision was widely expected. But one dissenting vote, Governor Rhee Chang-yong's hawkish comments, and growing uncertainty over inflation have hinted that the BoK will leave the door open for further rate hikes for now.”
“We believe that the BoK may enter an easing cycle in the fourth quarter as inflation is expected to fall to the 2% range.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.