- Analytics
- News and Tools
- Market News
- South Korea: BoK seen on hold this week – UOB
South Korea: BoK seen on hold this week – UOB
Economist at UOB Group Lee Sue Ann suggests the Bank of Korea could keep the policy rate unchanged at 3.50% at this week’s event (February 23).
Key Quotes
“Views are now mixed whether the BOK would carry on tightening its monetary policy after a cumulative 300bps rate hike since Aug 2021. The BOK was also clear in its messaging that the room for further monetary tightening remains.”
“However, barring a change to global inflation trajectory where price gains are expected to slow this year, we maintain our view that the BOK is done with its rate hikes and would stay on hold at 3.50% through 2023.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
