BoK Governor Rhee says no board member expects rates to be increased in three months time, also noted that US tariff ruling is to have a limited impact on exports for now

• Conditional rate projection for a 25bps cut by a board member assumed local property market is to stabilise in six months time.

The comments from BoK Governor Rhee indicate a dovish stance with no rate hikes expected in the near term, signaling a stable outlook for South Korea's monetary policy. This suggests that unless there are significant improvements in the property market, rate cuts remain a possibility, which may influence the USD/KRW exchange rate and broader risk sentiment in the region. Furthermore, the limited impact of the U.S. tariff ruling on exports could reassure markets about export-driven growth.