Futures lower, taking a nosedive during BoK Governor Lee's press conference. He noted that one MPC member called for a 25bps hike, an unexpected hawkish dissent. Lee also said that the need for policy normalization was increasing due to financial imbalances, such as home prices and household debt. 3-year futures drop as much as 21 ticks to 110.11.

Lee did note in his press conference that the BoK could purchase government bonds if needed, he said the Bank could take various market stabilization steps if there's a need to ease volatility in market interest rates.

Bullet EM Bullet Emerging Markets News Homepage

Kieran Williams

Bullet EM Bullet Emerging Markets News Homepage

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Futures Drop On Hawkish Dissent