BOK Minutes suggests one board member said further rate cuts should only be considered after risks related to FX and housing markets ease
Newsquawk Staff ·
BOK Minutes suggests one board member said further rate cuts should only be considered after risks related to FX and housing markets ease.
What it means
The BOK minutes highlight a cautious stance among board members regarding further rate cuts, emphasizing the need for stabilization in the FX and housing markets. This suggests that while some easing might eventually be on the table, it will depend on resolving underlying economic vulnerabilities, impacting the outlook for BOK's monetary policy and potentially influencing investor sentiment surrounding the Korean Won and equity markets.
- [PREVIEW] Riksbank Policy Decision on 4th November 2026
- BCB Poll: Economists see year-end 2026 Selic rate at 13.50% (prev. 13.25%) and year-end 2027 at 12.50% (prev. 11.75%), according to the weekly BCB Focus Market Survey
- BoK board member Hwang says watching FX market closely and that USD/KRW movement has been faster than expected, adds time to focus on inflation
- Bank of Korea says it will monitor financial and forex market conditions
- Hong Kong Monetary Authority maintains base rate at 4.25% as expected, in lockstep with the Fed
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