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Risks Tilted Towards 50bps Next Week

BOK

Comments crossing the wires from BoK Governor Rhee remain consistent with recent rhetoric from the central bank. The governor stated it is highly likely that inflation will stay elevated for a considerable time. This comes after the BoK noted, post this week's CPI data, that it expects inflation to remain in a 5-6% range for a considerable time.

  • The Governor also stated rates will need to keep rising. Note for next Wednesday's BoK meeting, all of the economists surveyed by Bloomberg so far (6) are forecasting a 50bps hike to 3.00%.

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