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MNI BoK Preview - Oct 2021: Pausing For Breath

Executive Summary:

  • The BoK are expected to be on hold at the October meeting, pausing after embarking on a hiking cycle in August.
  • What is expected to be more interesting is the voting split which will give an insight into potential action at the November meeting
  • Elevated CPI and the risk of financial imbalances could give the BoK pause for thought, but safeguarding the recovery remains a priority for the Bank.
  • Notably the government could do some heavy lifting of reigning in fiscal imbalances having explicitly promised to do so earlier in October.

Click to view full preview: BoK preview Oct 2021.pdf

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