Bank of Korea still on course for an August rate hike

The Bank of Korea (BoK) left its main policy rate on hold at 0.50% today and signalled that a rate hike is still very much on the table this year. While the worsening virus situation has made things more uncertain, comments from the press conference suggest that if the economy proves resilient, as we expect, a hike on 26th August is still in play.

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