Deep Tide TechFlow News, July 09 – Citigroup economist Jin-Wook Kim stated that after the Bank of Korea raises its benchmark rate from 2.50% to 2.75% at next week's policy meeting, it may hint at a gradual pace of rate hikes. He expects the Bank of Korea governor to signal 25 basis point rate hikes each quarter in the second half of 2026, while maintaining a data-dependent stance for the first half of 2027 without providing specific guidance.



Citigroup expects the Bank of Korea to raise rates in July and October this year, followed by further hikes in January and April next year. Kim added that the Bank of Korea may also highlight upside risks to its 2026 growth forecast, citing upward revisions to first-quarter growth and resilient economic activity in the second quarter. (Jinshi)
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