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South Korea: BoK kept the policy rate unchanged in February – UOB

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South Korea: BoK kept the policy rate unchanged in February – UOB By pabspiovano SouthKorea Banks CentralBanks InterestRate

“In line with market consensus, the Bank of Korea kept its benchmark base rate unchanged at 1.25% at its Feb meeting.”

“After three rate hikes, we think the BOK can afford to wait and see how other global central banks respond to the Russia-Ukraine crisis and the impact on already high energy prices while also assessing the risks from record high COVID-19 infections at home. Nevertheless, based on expectation of a higher inflation trajectory this year, we maintain ourfor another 50 bps interest rate hike, likely with 25 bps each in 2Q and 3Q to bring the base rate to 1.75% by end-2022.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

Source: News Formal (newsformal.com)

 

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