BoK says board members Ryoo and Chang dissented to Thursday's rate decision and called for a rate hike
- 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
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