Farm Credit: After the rate hike in July, South Korea’s central bank is more likely to hike rates again in October

robot
Abstract generation in progress
Golden Finance reported that on July 15, FarNong Credit Bank said the market broadly expects the Bank of Korea to raise the policy rate by 25 basis points to 2.75% on July 16. The central bank has repeatedly reiterated the necessity of tightening, so market participants will closely watch for hints regarding the timing of the next rate hike and the terminal rate for this tightening cycle. Given that the Bank of Korea will update its macroeconomic forecasts and six-month forward guidance only in August, and that international oil prices have declined since the last meeting, it is expected the central bank will not signal consecutive hikes in August, but is more likely to take action in October. At the July meeting, the Bank of Korea may release further signals of additional rate hikes, but will not provide a specific timetable in order to observe more data. (Jin Ten)
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned