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MNI BoK Preview - November 2023: No Change, Policy Bias In Focus

BOK
  • The BoK is seen as firmly on hold tomorrow. With most sell-side analysts looking for cuts to commence in 2024, the focus will rest on the BoK outlook and Governor Rhee's tone at the press conference.
  • Sticky inflation pressures are likely to prevent a near term shift away from the central bank's tightening bias. Governor Rhee is likely to reiterate that easing cannot happen until confidence of a return in inflation to target is much higher/evident.
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