UOB Group’s Economist Ho Woei Chen comments on the latest BoK monetary policy meeting. Key Takeaways Bank of Korea (BOK) kept its benchmark 7-day repo
Key Takeaways
Similar to the previous meeting in Jul, all the six board members remained open to a further 25-bps hike to bring the terminal rate to 3.75% but their opinions on a rate hike by end-2023 differed. We expect the BOK to remain on hold for the rest of 2023. There are two more meetings for the rest of this year on 19 Oct and 30 Nov.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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