BoK Governor Shin says Middle East war uncertainty persists and oil stability is to take time to return, adds local growth expansion driven by semiconductor boom

Newsquawk StaffPublished 28 May 2026, 02:35 UTCOn the live feed at 02:15 UTC, 20 minutes before this page

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02:45

Air raid sirens sounding in Kuwait, while Kuwaiti Army says air defenses intercept hostile missile and drone attacks, according to Al Hadath

02:39

[MARKET ANALYSIS] Oil prices gradually climbed higher after reports of another US defensive strike against Iran, although a military souces cited by Tasnim downplayed it

02:15

BoK Governor Shin says Middle East war uncertainty persists and oil stability is to take time to return, adds local growth expansion driven by semiconductor boom

02:10

Fed's Goolsbee (2027 voter) says energy inflation has been more persistent than expected and warns that Asia faced an old-style stagflation shock

02:00

New Zealand sees 2025/26 operating balance before gains and losses at NZD -15.06bln (HYEFU -16.93B)

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Says:

Need to raise interest rates at some point in the future.
Sees a need for a base rate hike at an appropriate time.
Policy path is very clear, with a restrictive stance ahead while factoring in FX, growth and inflation.
Wider BoK dot plot range reflects a high degree of uncertainty.
CPI is seen remaining above target for a considerable period.
Need to monitor whether CPI and growth follow the expected path.
Inflationary pressures are emerging.
Cost of living is seen rising in South Korea.
Strong growth is seen continuing in the coming months.
Other indicators suggest inflation pressures remain.

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