BoK says rate decision was unanimous and growth rate this year is expected to considerably surpass the May forecast of 2.6%, will assess timing of further increase in inflation pressure, improvement trend in the economy and financial stability

Newsquawk Staff · 16 Jul 2026, 01:51 UTC

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Need to monitor high exchange rate volatility, the housing market and household debt growth.
Household loans increased substantially.
Uncertainties remain regarding the semiconductor sector, developments in the Middle East and changes in the trade environment.
Pace of increases in house prices in Seoul and its surrounding areas accelerated.
Core inflation for this year is likely to be somewhat higher than the previous forecast of 2.4%.

What our latest note said

US Market Open, 22 Oct, 10:37 UTC · what it led with

Iran's IRGC Navy warned that US efforts to encourage passage could result in strikes on US bases.
Iran's Major General Rezaei said Iran has presented seven new conditions through mediators and will neither reopen the Strait of Hormuz nor resume negotiations until they are met.

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Fed’s Waller (voter) says more rate hikes are likely needed to tame inflation, but there is flexibility over the pace and hikes do not need to be consecutive.
DXY+0.1%
Japan's GPIF didn't discuss allocation at its September meeting, Bloomberg reports.
USD/JPY+0.1%
Japanese FX Official Mimura says they are closely watching to see if markets take the clear message they are giving at face value. Not satisfied with or reassured by recent JPY action.
USD/JPY−0.5%

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