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MNI BoK Preview - February 2022: Pushing Pause

BOK

EXECUTIVE SUMMARY


  • Unanimous expectations look for the BoK to leave its policy rate unchanged at 1.25% come the end of its February meeting, pausing after back-to-back hikes in November and January. There are plenty of reasons to justify the BoK sitting on its hands this time around.
  • The unexpected hawkish twist in the minutes of the Bank’s January meeting opens the potential for hawkish dissent if the Bank leaves its monetary policy settings unchanged this time around.
  • The fact that this is Governor Lee’s final monetary policy meeting atop the central bank may muddy any inference from the forward guidance deployed.
  • Click to view the full preview.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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