Bank of Korea hikes again, leaves options open – ING SouthKorea CentralBanks USDKRW InterestRate Banks
“If the January rate hike by the Bank of Korea from 1.0% to 1.25% was consensus, the subsequent press briefing was anything but.”“Even today's decision was controversial. Korea has been weathering a new Covid wave and this and the resulting movement restrictions on the population led to a spike in the December unemployment rate that could easily have been used as an excuse to pause at this meeting, and resume hiking later.
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