BoK says board members Ryoo and Chang dissented to Thursday's rate decision and called for a rate hike
Newsquawk Staff ·
- BoK dot plot showed 10 of 21 policy rate projections by board members for next six months at 3.00%
- 7 of 21 policy rate projections by board members for next six months at 2.75%
- 2 of 21 policy rate projections by board members for next six months at 2.50%
- 2 of 21 policy rate projections by board members saw rates at 3.25% within six months
- Board will decide the timing of any rate hikes
- To assess the extent of the increase in inflationary pressure, the improvement trend in the domestic economy, and financial stability
- Necessary to continue to pay attention to high exchange rate volatility
- Both high upside and downside risks along the future growth path
- Necessary to continue to pay attention to conditions regarding housing market and household debt
- Uncertainty includes degree of spillovers from chip boom to consumption
- Instacart (CART) is reportedly exploring a sale, The Information reports; held talks with DoorDash (DASH) and Uber (UBER)
- CBR Governor Nabiullina says we need longer period of tight monetary policy
- Indonesia's central bank official says rupiah movement still manageable following MSCI announcement last week and says we will respond if needed to ensure supply and demand in the FX market
- Monetary Authority of Singapore, Malaysia Central Bank and Bank of Thailand are partnering on cross-border digital money settlement
- BoK says today's rate decision was unanimous, while the timing and pace of further rate hikes will depend on inflation, economic conditions and financial stability.
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