South Korea: BoK is seen keeping rates unchanged – UOB
|Economist at UOB Group Lee Sue Ann suggests the Bank of Korea (BoK) could likely leave the policy rate unchanged at 1.00% at its meeting on Friday.
Key Takeaways
“The BoK said the benchmark rate is still below the neural level. Barring a sharp downturn in its economy, we continue to project the next 25 bps rate hike in 1Q22, likely in February.”
“If inflation becomes more broad-based, the BoK may have to raise interest rate by another 25-50 bps between late-2022 to 2023.”
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.