Bank of Korea Could Stand Pat at October Rate-Setting Meeting
Dow Jones08-27 16:01
0801 GMT - The Bank of Korea could stand pat at its next rate-setting meeting in October after a second straight rate hike, analysts say. The probability of another hike at the Oct. 22 meeting "is not particularly high" as the BOK may now prefer a more gradual pace of tightening, JPMorgan's Seok Gil Park writes in a note. Park says the BOK could deliver additional hikes in November, February and May. Goldman Sachs' Goohoon Kwon and Irene Choi say the BOK could tighten policy at a much slower pace, with the next hike likely not coming until 1Q 2027. They note that BOK Gov. Shin views the latest hike as preemptive and expects the board to take time to assess the impact of recent hikes.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments