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Bank of Korea on hold, but extended hiking cycle ahead

After leaving rates on hold today, the Bank of Korea gave strong signals of its intent to hike again in November. And given the Bank’s hawkish comments, we are adding another rate hike into our forecast for next year, bringing the total to a further 75bps of tightening in 2022.
Alex Holmes Emerging Asia Economist
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Bank of Korea still on for another hike in 2021

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