The Bank of Korea today left interest rates unchanged (at 3.5%) and the accompanying statement and press conference were more hawkish than we had anticipated. Accordingly, we are pushing back the timing of when we think the central bank will start to loosen policy from August to October.
Asia Drop-In (13th July): We will be holding an online briefing later today to discuss the BoK decision and the outlook for Korea’s economy. To participate please register here.
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