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

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[MARKET ANALYSIS) Oil futures remain underpinned after further US-Iran strikes and with Trump said to be leaning towards expanding US military operations in Iran

South Korea regulator will introduce new measures for single stock leverage ETFs soon

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

US Central Command announced that it completed the latest wave of strikes on Iran

Korea Exchange activated a sidecar on the KOSDAQ after KOSDAQ 150 futures fell 6%, with programme trading halted for 5 minutes

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Says:

  • 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%.

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