- South Korea: BoK expected to hike rates this week – UOB
Market news
10 October 2022
South Korea: BoK expected to hike rates this week – UOB
Economist at UOB Group Lee Sue Ann sees the Bank of Korea (BoK) hiking rates by 25 bps at its meeting later this week.
Key Quotes
“We are keeping our forecast for BOK to continue raising the base rate by 25bps per meeting in Oct and Nov to bring the base rate to 3.00% by end4Q22. Thereafter, we expect the BOK to stay on hold through 2023.”
“However, BOK could do more should the inflation trajectory stay higher than expected.”
Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimerOpen Demo Account & Personal Page